Talos: Perpetual Futures Open Interest Falls to $67B as RWA Contracts Hit $9B
- —Perpetual futures OI fell $14 billion over the year, from $81 billion to $67 billion
- —Bitcoin OI dropped about $8 billion; Ether OI fell around $5 billion
- —Smaller tokens saw their combined OI shrink by roughly $10 billion
- —RWA perpetual OI reached $9 billion, about 14% of the tracked market
Why it matters: The shift from crypto-native leverage toward equity and commodity contracts could draw in institutional traders and reshape derivatives liquidity.
Source: Crypto Briefing