Bitcoin Open Interest on Hyperliquid Drops 20.77%
- —BTC open interest on Hyperliquid at $3.12B, down 20.77% in 24 hours
- —ETH open interest at $2.83B, down 10.43%
- —Zcash open interest at $687.84M, down 21.08%
- —HYPE open interest at $1.89B, down 8.08%
Why it matters: Falling open interest and funding rates point to long unwinding, but single-exchange data does not capture the broader market.
Source: TokenPost