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Open interest in Bitget's GOOGL contracts jumps 69% amid Alphabet's Q3 earnings drop

Technical Signals
29 Oct 2026, 08:17 WIB
Tokenpost
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Bearish
Open interest in Bitget's GOOGL contracts jumps 69% amid Alphabet's Q3 earnings drop

Open interest in Bitget's GOOGL contracts surged over 69% to $52.69 million within 24 hours, coinciding with Alphabet's nearly 10% share price drop following its third-quarter earnings report. Market-wide open interest in GOOGL contracts also rose by 64.32% to about $637 million during the same period. This increase in open interest reflects more active trading positions but does not indicate whether traders are betting on a rise or fall in Alphabet's stock. Additionally, a snapshot from Hyperliquid showed 19 accounts holding long positions valued at approximately $20.56 million after the earnings release, suggesting some traders are positioning for a potential rebound.

The Bitget GOOGL contract open interest increase provides context for readers. For those tracking major cryptocurrencies on Pluang, 7 out of 50 rose while 42 fell today. Notable movers include AXS at Rp16.817 with a 1-day change of -5.11% and 99% sell order activity, VET at Rp111 down 4.95% with 76% buy order activity, and GRT at Rp392 down 4.80% with 60% buy order activity, as of Oct 29, 2026 11:51 WIB.

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