Ether Open Interest Leads Five-Asset Decline With 9.27% Drop

Ether (ETH) open interest fell 9.27% to $5.20 billion in the 24 hours ending at 6:01 p.m. ET Nov. 5, the largest drop in a snapshot of five major crypto perpetual-futures markets. Open interest, the value of derivatives contracts that remain open, declined for Bitcoin (BTC), Ether, Solana (SOL), XRP and Dogecoin (DOGE). Bitcoin, Ether and XRP each had funding of 0.0100% every eight hours, equivalent to 10.9% annualized. At positive rates, traders with long positions pay those with short positions. Bitcoin had a $75,604 mark price and $7.19 billion in open interest, down 7.24% over 24 hours. Long accounts made up 74.8% of the total, compared with 25.2% short. Ether’s mark price was $2,227. Long accounts represented 79.1% of its market, while short accounts made up 20.9%.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.