Solana (SOL) posted the sharpest 24-hour open-interest decline among five major crypto perpetual-futures markets in a Nov. 13 snapshot, while every tracked market contracted.
At 6:02 a.m. ET, SOL open interest stood at $758 million, down 5.49% over 24 hours. Ether (ETH) was at $4.57 billion, down 3.61%; Bitcoin (BTC) totaled $7.03 billion, down 3.36%; XRP stood at $302.7 million, down 5.33%; and Dogecoin (DOGE) was at $157 million, down 5.22%.
Bitcoin remained the largest market by open interest, while Dogecoin had the smallest total. Open interest is the aggregate dollar value attached to derivatives contracts that remain open. The figures show the value of outstanding contracts, but do not indicate a price move on their own.
Long-account shares ranged from 71.5% for Dogecoin to 78.7% for Ether. Bitcoin accounts were 77.6% long, Solana accounts 77.4% and XRP accounts 74.9%. The remaining accounts in each market were short positions.
SOL was the only market with negative funding, at -0.0064% per eight-hour period, equivalent to -7.0% annualized. Funding was positive for Bitcoin at 0.0004% per eight hours, Ether at 0.0012%, XRP at 0.0034% and Dogecoin at 0.0036%. Positive funding places the periodic payment on long-position holders, with short-position holders receiving it.
In EconoTimes’ Nov. 10 snapshot, Solana open interest had risen 4.55% over 24 hours.
