Papertrade Open Interest Falls 60% to $1.3B in 24 Hours

Papertrade open interest fell to approximately $1.3 billion within a 24-hour window, a contraction of roughly 60% that marks one of the sharpest single-day reductions in reported positioning for the platform. The move signals a substantial unwinding of leveraged exposure, though no confirmed cause has been established from available sourcing at the time of publication. Open interest, the total value of outstanding derivative contracts that have not been settled, stood at roughly $1.3 billion after the reported drawdown, according to the reported figures.

Source: Coincu