Solana Open Interest Falls 6.59% as Ether Long Accounts Reach 75.4%

Solana (SOL) led a broad decline in crypto derivatives open interest through 7 p.m. ET (23:00 UTC) Oct. 17, while Ether had the highest long-account share among five tracked assets. Open interest, the value of outstanding derivatives contracts, fell for all five assets. Solana’s total dropped 6.59% to $895 million, the steepest decline in the group. Its funding rate was negative 0.0056% every eight hours, or negative 6.1% annualized. The mark price was $102.95, and 72.2% of accounts were long. Bitcoin (BTC) had the largest open-interest total at $7.62 billion, down 1.50% over 24 hours. Its funding rate was 0.0042% every eight hours, or 4.6% annualized. The mark price was $81,314; 63.5% of accounts were long and 36.5% were short. Ether (ETH) open interest fell 1.24% to $5.36 billion.

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