Santiment reports crypto derivatives open interest climbs to $23B for Bitcoin

Bitcoin, Ethereum and Solana open interest rises alongside a price recovery, and Santiment flags the liquidation risk that comes with it Traders are placing bets again. According to market intelligence platform Santiment, derivatives open interest for Bitcoin has climbed to $23.4 billion as crypto prices recover. Bitcoin isn’t alone. Santiment puts Ethereum ’s open interest at $15.5 billion and Solana ’s at $2.7 billion, which brings the three-asset total to roughly $41.6 billion. Open interest tracks the total value of outstanding futures and perpetual contracts that haven’t been closed or settled. It doesn’t tell you which direction traders are leaning. It tells you how much money is committed to the wager in the first place. Santiment published its findings on October 21, 2026.

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