Solana Open Interest Dips as Funding Rates Hit 3.8%
Solana's open interest dropped 4.25% while Bitcoin and Solana shared the highest crypto funding rates.
Solana's open interest decreased by 4.25% according to data published by Pluang. Meanwhile, Bitcoin and Solana recorded the highest cryptocurrency funding rates across the market, reaching 3.8% annualized.
Derivatives Activity
Instant Telegram notifications for large on-chain moves.
The drop in open interest points to a contraction in active derivative positions for the asset. Concurrently, the elevated annualized funding rates indicate persistent demand for leveraged long positions in both top-tier digital assets.
Key facts
- Solana open interest declined by 4.25% according to Pluang
- Bitcoin and Solana shared the highest crypto funding rates at 3.8% annualized
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
