Key Takeaways
- • Solana (SOL) posted the largest 24-hour open-interest increase among five major crypto futures markets, rising 5.17% to $833.7 million in a Nov. 9 snapshot.
- • Bitcoin (BTC) retained the largest open-interest balance at $7.33 billion, up 3.89% over 24 hours, and matched its Nov. 6 five-asset snapshot total.
- • Ether (ETH) open interest totaled $4.78 billion, down 1.18%, while XRP ($352.3 million, down 0.75%) and Dogecoin ($168.1 million, down 1.39%) declined.
- • Funding rates were 0.0100% every eight hours for BTC, SOL, XRP and DOGE (10.9% annualized), and 0.0089% for ETH (9.7% annualized), indicating long positions paid short positions.
- • Long accounts outnumbered short accounts in all five markets, with Ether at 79.2% long and Dogecoin at 72.0% long.
Summary
Solana (SOL) recorded the largest 24-hour open-interest increase among five crypto futures markets, rising 5.17% to $833.7 million, according to a snapshot taken at 6:01 p.m. ET on Nov. 9, as reported by TokenPost. Open interest measures the value of derivatives contracts that traders have not closed.
Bitcoin (BTC) retained the largest balance among the five markets at $7.33 billion, with open interest up 3.89% over 24 hours. The total matched the figure in a Nov. 6 five-asset futures snapshot. Ether (ETH) open interest stood at $4.78 billion, down 1.18%. XRP open interest was $352.3 million, down 0.75%, and Dogecoin (DOGE) was $168.1 million, down 1.39%.
Funding rates were 0.0100% every eight hours for Bitcoin, Solana, XRP and Dogecoin, equivalent to 10.9% annualized. Ether's rate was 0.0089%, or 9.7% annualized. In perpetual futures, positive funding means traders with long positions pay those with short positions.
Long accounts outnumbered short accounts in all five markets. Bitcoin's mark price was $75,227, with 73.6% of accounts long and 26.4% short. Ether was priced at $2,134 (79.2% long, 20.8% short). Solana's mark price was $86.72 (77.2% long, 22.8% short). XRP was at $1.10 (74.9% long, 25.1% short), and Dogecoin was at $0.0700 (72.0% long, 28.0% short).
Bitcoin (BTC) retained the largest balance among the five markets at $7.33 billion, with open interest up 3.89% over 24 hours. The total matched the figure in a Nov. 6 five-asset futures snapshot. Ether (ETH) open interest stood at $4.78 billion, down 1.18%. XRP open interest was $352.3 million, down 0.75%, and Dogecoin (DOGE) was $168.1 million, down 1.39%.
Funding rates were 0.0100% every eight hours for Bitcoin, Solana, XRP and Dogecoin, equivalent to 10.9% annualized. Ether's rate was 0.0089%, or 9.7% annualized. In perpetual futures, positive funding means traders with long positions pay those with short positions.
Long accounts outnumbered short accounts in all five markets. Bitcoin's mark price was $75,227, with 73.6% of accounts long and 26.4% short. Ether was priced at $2,134 (79.2% long, 20.8% short). Solana's mark price was $86.72 (77.2% long, 22.8% short). XRP was at $1.10 (74.9% long, 25.1% short), and Dogecoin was at $0.0700 (72.0% long, 28.0% short).
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