Crypto Derivatives Open Interest Climbs as Digital Assets Rebound; Bitcoin at $23.4 Billion
JH Kim
Summary
- Santiment said open interest in Bitcoin, Ether and Solana derivatives increased alongside the recovery in cryptocurrency prices.
- Bitcoin open interest reached $23.4 billion, while Ether stood at $15.5 billion and Solana at $2.7 billion.
- An increase in open interest indicates that the size of outstanding derivatives contracts has grown.
Forecast Trend Report by Period
Open interest in major cryptocurrency derivatives has increased as digital-asset prices rebound, with Bitcoin open interest reaching $23.4 billion.
Santiment said on Oct. 21 that open interest in Bitcoin, Ether and Solana derivatives rose alongside the recovery in crypto prices.
Bitcoin open interest was $23.4 billion. Ether stood at $15.5 billion, while Solana reached $2.7 billion.
Open interest measures the value of derivatives contracts that remain outstanding and have not been closed. A rise in open interest means the size of outstanding contracts in the market has expanded.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.