Quant falls 6% to $219 as QNT open interest retreats to $120M
- —QNT trades at $219.34, down 72% from its $373.66 peak
- —Open interest has fallen from $190M to $120M
- —Funding rate hit a record low of -0.27% on October 4
- —A break below $215 support could send prices to $160–180
Why it matters: Falling open interest and negative funding signal long liquidations rather than fresh demand, keeping QNT vulnerable to a deeper correction.
Source: AMBCrypto