Optimism's OP token recovered after a roughly 12% drop on October 7, with open interest rising to about $107.82 million, up 17.25%. The positive funding rate of 0.0096% indicates stronger demand for long positions, though it also suggests potential reversal risks due to crowded trades. OP's price increased from $0.119 on October 8 to $0.137 on October 10. Additionally, a proposal to use 50% of Superchain revenue for OP buybacks starting February adds longer-term supply context, but it is unclear if this influenced the recent price rebound. Overall, while derivatives data show more constructive positioning, they do not confirm that the recovery will continue or that derivatives activity caused the rebound.
Optimism's OP token is trading at Rp2,486 on Pluang as of October 11, 2026, showing an 11.08% increase in the last day. The market cap stands at Rp5.68 trillion, indicating significant investor interest. Despite a nearly balanced order activity of 53% sell and 47% buy, the typical holding period on Pluang is 52 days, suggesting moderate-term investor confidence.
Optimism's OP token traded around $0.12 on Binance with a 1.14% increase over 24 hours, maintaining support above $0.11. Futures open interest rose by 12.09% to $18.15 million, indicating more outstanding contracts but unclear net positions. The long...
Optimism's OP token fell 12% following a significant capital outflow of $91.76 billion from the crypto market. The decline is linked to reduced on-chain activity and trading volume on decentralized exchanges, with total value locked (TVL) dropping to...
