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Solana's perpetual-futures open interest drops nearly 11%, the steepest among top crypto markets.

15 Nov 2026, 01:07 WIB
Tokenpost
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Bearish
Solana's perpetual-futures open interest drops nearly 11%, the steepest among top crypto markets.

Solana's perpetual-futures open interest fell by 10.97% within 24 hours, marking the largest decline among five major cryptocurrencies including Bitcoin, Ether, XRP, and Dogecoin. This decline reflects a decrease in the total dollar value of open derivatives contracts on Solana, now at $639.3 million with a mark price of $69.26. While long positions dominate across all markets, Solana's funding rate is notably negative, indicating that holders of long contracts pay those holding shorts. This shift in open interest and funding rates could signal changing trader sentiment and volatility in Solana's market compared to other cryptocurrencies.

Solana is down 9.43% on Pluang, trading at Rp1.277.339 as of Nov 15, 2026 06:21 WIB, showing a significant drop consistent with its open-interest decline. Other major cryptos like XRP and Dogecoin also show notable losses, with XRP down 9.73% and Dogecoin down 11.25% at the same time. This data highlights the broader market weakness reflected in the derivatives activity.

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