Ether at $2,533 as OKX open interest drops $337 million in five days
- —24-hour range: $2,411.24 to $2,575.42, with $16.26 billion in volume
- —OKX open interest fell six days straight, from $2.113 billion to $1.776 billion
- —October 12 volume jumped 2.6x to $5.551 billion while open interest declined
- —Long-short account ratio fell from 2.30 to 1.73; funding rate at 0.00255%
Why it matters: Lower leverage reduces the risk of cascading liquidations but also slows price moves in both directions.
Source: CryptoTicker