🇺🇸 LATEST: Open interest flipped positive before the Fed, led by +$166M at Binance and +$131M at OKX. https://t.co/4HAFKUUYGz ...

RT CoinMarketCap (@CoinMarketCap)LATEST: 🚨 Altcoin open interest has skyrocketed to $38.9 billion ahead of the Fed's Wednesday interest rate cut decision, surpassing Ethereum's $29.4 billion and closing in on Bitcoin's $40.5 billion, according to Coinalyze data. https://t.co/vGi9Wr96Aj ...

LATEST: 🚨 Altcoin open interest has skyrocketed to $38.9 billion ahead of the Fed's Wednesday interest rate cut decision, surpassing Ethereum's $29.4 billion and closing in on Bitcoin's $40.5 billion, according to Coinalyze data. https://t.co/vGi9Wr96Aj ...

No one speaks about the extreme spike in open interest and the over leveraged altcoin market right now. The last time we saw these open interest levels was December 2024, right before the correction from 108k to 90k region.. ...

Core Insights - Solana is experiencing significant price performance with its price surpassing $200 and perpetual open interest exceeding $7 billion, indicating increased market participation [1][2][4] Market Participation - The surge in Solana's perpetual futures open interest reflects a notable influx of capital from both retail and institutional investors, as evidenced by a chart from Glassnode showing growth from late 2024 to the present [2][3] - Open interest serves as a key indicator of market participation and liquidity in futures markets, providing insights into the total number of outstanding contracts yet to be settled [3] Price Performance - Solana's price has rallied to $218.04, marking a 1.94% increase over the past 24 hours, with a market capitalization of $118.02 billion and a 24-hour trading volume of $9.21 billion [4] - The next resistance level for Solana is anticipated to be $220, with potential for further price gains if this barrier is breached [5] Ecosystem Developments - Despite a recent setback involving a rug pull incident on the Aqua trading platform, which resulted in the loss of 21,770 SOL (approximately $4.65 million), the overall market structure for Solana remains unaffected [6] - The Solana ecosystem is expected to gain positive momentum, particularly with the odds for Solana Exchange Traded Fund (ETF) approval reaching 99% [7] New Projects - Solana has welcomed the Wall Street Pepe (WEPE) cryptocurrency, which has transitioned from Ethereum to the Solana blockchain, enhancing its ecosystem and generating additional hype [8]

Its important to understand a few things about this:1. Hyperliquid OI is 20x Lighter's. Not even close, OI is what really matters.2. Lighter has zero fees and is pre-TGE.https://t.co/o2y6pvl5HZAndy (@ayyyeandy):Hyperliquid 24hr OI: $11,818,561,577Lighter 24hr OI: $587,447,495 https://t.co/IP94FWHWtT ...

Hyperliquid 24hr OI: $11,818,561,577Lighter 24hr OI: $587,447,495 https://t.co/IP94FWHWtTAndy (@ayyyeandy):Hyperliquid 24hr volume: $5,417,932,229Lighter 24hr volume: $4,780,104,418 https://t.co/tsxzJXf9jn ...

🚨 MASSIVE: Exchange $ETH Futures Open Interest hit a new ATH of $71B. https://t.co/9UCeLAIMQQ ...

Market Volatility - $3 billion of open interest in Bitcoin and Ethereum was wiped out within minutes [1]

🇺🇸 JUST IN: Powell’s comments sent $300M into Binance BTC futures, lifting open interest to $13.3B. https://t.co/iu7EBl0WSk ...