Solana Posts Biggest 24-Hour Open-Interest Drop Among Five Markets

Solana (SOL) perpetual futures had the steepest 24-hour open-interest decline among five tracked crypto markets in a snapshot taken at 6:02 a.m. ET Nov. 13. Open interest fell in all five markets.

Open interest measures the dollar value of derivatives positions that remain active. This snapshot updates TokenPost’s earlier five-market perpetual-futures coverage.

Bitcoin (BTC) had the largest open-interest balance, at $7.03 billion, down 3.36%. Its mark price was $69,344, and its funding rate was 0.0004% per eight hours, or 0.4% annualized. Long accounts made up 77.6% of the market, compared with 22.4% short.

Ether (ETH) marked at $1,953. Open interest fell 3.61% to $4.57 billion, and funding was 0.0012% per eight hours, or 1.3% annualized. Long accounts were 78.7%, the highest share in the group; short accounts were 21.3%.

SOL marked at $80.53, with funding at -0.0064% per eight hours, or -7.0% annualized. Open interest dropped 5.49% to $758 million. Long accounts were 77.4%, against 22.6% short.

XRP’s mark price was $1.02, and its funding rate was 0.0034% per eight hours, or 3.8% annualized. Open interest declined 5.33% to $302.7 million. Long accounts were 74.9%, compared with 25.1% short.

Dogecoin (DOGE) marked at $0.0652, with funding at 0.0036% per eight hours, or 4.0% annualized. Open interest fell 5.22% to $157 million. Long accounts were 71.5%, the lowest share among the five, while short accounts were 28.5%.

Positive funding means traders with long positions pay those with short positions. SOL was the only asset with a negative funding rate in the snapshot.