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

Market Trends - Powell's comments triggered a $300 million inflow into Binance BTC futures [1] - The inflow increased open interest to $13.3 billion [1]

Market Trends & Growth - SOL futures trading volume surpasses $12 billion on a major regulated derivatives exchange [1] - Solana (SOL) futures product reached its highest-ever open interest last week, exceeding 9500 contracts on August 14 [1] Solana Ecosystem - The increasing open interest in SOL futures indicates the continued growth and maturity of the Solana ecosystem [1]

SOL Open Interest Soars While SEC Kicks ETF Decisions To OctoberOpen interest in Solana CME futures recently surged to a record high of $993M, reflecting growing institutional demand following July's launch of the first U.S. SOL staking ETF, which previously pushed OI to $800M, per SolanaFloor.Meanwhile, this week, the U.S. SEC delayed its decision on SOL ETF proposals from Bitwise and 21Shares to October 16, continuing its pattern of extending deadlines on crypto ETFs.Sources: SolanaFloor and The Block ...

Market Trends - ETH (以太坊) open interest is surging fast [1]

Phantom Perps just hit a new ATH of $80M in open interest 👻Open interest = the total value of open positions (longs and shorts) https://t.co/HJy5Q7zf6G ...

The notional value of open interest in Ethereum future contracts has nearly doubled as ETH nears a new all-time high.Read more: https://t.co/da40kEZqce ...

Ethereum open interest is skyrocketing! https://t.co/aTkDCEM8qW ...

🚨 LATEST: $ETH options open interest has hit $13.75B, its highest level this year and near the $14.6B record from March 2024. https://t.co/fKAVRdtaqv ...

Market Sentiment & Institutional Narrative - The market seems to have overlooked past controversies surrounding the Ethereum Foundation following Ethereum reaching $4,000 [1] - Despite appearing as a crowded trade, data suggests the Ethereum market remains healthy [1] - The presence of an institutional narrative supports the positive outlook for Ethereum [1] Options & Futures Market Analysis - Options skew (IV Call - IV Put) is at a baseline level, significantly below previous highs, indicating no extreme demand for calls or puts [2] - Basis on CME futures and exchanges is low, and Open Interest (OI) on CME is lower than it was two weeks prior [2] Spot Market Dynamics - The spot book appears healthier, with buyers stepping in heavily at the lows to counter a previous large sell skew [2] - Although the book is skewed on the sell side again, it is relatively low compared to prior extremes [2] Overall Outlook - Expectation that any dips will be bought, with the market looking positive as long as indicators do not become excessively frothy [3]