Santiment: Bitcoin derivatives open interest climbs to $23.4B
- —Bitcoin open interest at $23.4B, still below September's $25.84B
- —Ethereum open interest at $15.5B, its most sustained rise since August
- —Solana open interest at $2.7B amid heightened volatility
- —Santiment warns rising leverage raises the risk of cascading liquidations
Why it matters: Rising open interest alongside prices amplifies the risk of cascading liquidations if the market reverses.
Source: Crypto Briefing