Solana at $103.82 as open futures interest drops 12% in a week
- —SOL at $103.82: down 2.99% on the day and 10.35% on the week
- —OKX open interest fell to $357.4 million, lowest since September 17
- —Funding rate flipped from +0.0100% to -0.0001% in a day
- —SOL is down 14% against BTC from its September 26 peak
Why it matters: Falling open interest and a zero funding rate point to deleveraging rather than fresh shorts, reducing the fuel for a liquidation cascade below $100.
Source: CryptoTicker