In the last 24 hours, Solana’s (SOL) open interest (OI) experienced a sharp decline, dropping by 21% to $1.62 billion. This figure, provided by CoinGlass, indicates the total value of all unsettled Solana futures contracts across various exchanges.
The decrease in OI reflects a broader trend across the cryptocurrency market, where major digital currencies are witnessing similar downturns. Despite this setback, traders maintain a positive outlook, viewing the dip as an opportunity for potential gains.
Alongside the drop in OI, Solana market price has shown a surprising resilience, registering a 7.59% increase to $142.76. The price data, sourced from Coingape, suggests a disconnect between open interest and price dynamics. This unusual pattern underscores the complex nature of cryptocurrency markets, where different factors may influence OI and price independently.
Altcoins Plunge, Market Braces for Swift Recovery
The cryptocurrency market as a whole has been under pressure, with signi
We współpracy z: https://coingape.com/market-retreat-sees-440m-decrease-in-solana-oi-prices-rally-11/
