# Open Interest Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Open Interest", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Ethereum’s Price Pulls Back Close To $1,900, But Large Holders Remain Unfazed

Ethereum's price has declined toward $1,950, a level not seen since March, amid broader bearish pressure in the cryptocurrency market. Despite this downturn, large ETH holders, or "whales," are not selling off their positions. Key metrics indicate whales are accumulating more ETH, with the Whale vs Retail Delta metric turning positive, suggesting renewed institutional confidence. Furthermore, activity in the Ethereum futures market is increasing, with rising Open Interest and long positions, signaling investors are positioning for a potential future rally. Analysts also note that Ethereum's Market Value to Realized Value (MVRV) ratio has fallen below 0.8, a zone historically associated with accumulation and a potential foundation for the next bull market. While ETH price dropped nearly 5% in 24 hours, trading volume increased by over 17%.

bitcoinist05/28 22:01

Ethereum’s Price Pulls Back Close To $1,900, But Large Holders Remain Unfazed

bitcoinist05/28 22:01

Introducing: Global Metrics Suite

Glassnode introduces the Global Metrics Suite, a new framework for analyzing the fragmented cryptocurrency market through aggregated on-chain and market data. It solves the challenge of structural discontinuities in traditional aggregate series by using formally rebalanced baskets (e.g., by market cap) and provides two output types: Raw Aggregates (preserving original units) and Indices (scaled, continuous series for trend comparison). The article demonstrates the value of continuity-adjusted indices through three examples. First, they reveal a significant 2024 surge in small-cap market cap, a rally invisible in raw data where "winners" leave the basket upon crossing a threshold. Second, a global Spent Output Profit Ratio (SOPR) index shows that small-cap sentiment is more stable than raw data suggests, while larger caps exhibit a trend of decreasing profit realization per cycle. Third, an Open Interest index highlights the higher volatility and leverage spikes in mid- and small-cap derivatives, useful for monitoring cascade risks. Four metrics are currently available via API: Total Market Cap, Realized Cap, Median SOPR, and Total Open Interest, each for "All Coins," Large, Mid, and Small Cap baskets. The framework, using weekly rebalancing and equal weighting, brings the continuity discipline of traditional finance indices to multi-asset crypto analytics.

insights.glassnode05/28 15:22

Introducing: Global Metrics Suite

insights.glassnode05/28 15:22

Wintermute Sounds Alarm: Bitcoin Surge A Short Squeeze, Not Sustainable Growth

Wintermute warns that Bitcoin's recent surge to $83,000 is primarily a short squeeze rather than sustainable growth, driven by a $10B jump in derivatives open interest and low spot volumes. The market maker cautions that short-covering differs from conviction buying, and a retracement is possible unless genuine spot demand emerges. While noting positive long-term factors like strong ETF inflows and low exchange reserves, the firm highlights near-term risks including overbought RSI levels and dependence on equity market sentiment. Bitcoin's ability to hold $80,000 support through potential macro shocks will be a key test of the rally's durability.

bitcoinist05/13 04:02

Wintermute Sounds Alarm: Bitcoin Surge A Short Squeeze, Not Sustainable Growth

bitcoinist05/13 04:02

Solana ETF Draws $39 Million Inflow in Single Week, Highest Since February, Futures Open Interest Surges 30%, Traders Target $120

Solana ETF sees its strongest weekly inflow since February, attracting $39.23 million with Bitwise's BSOL ETF accounting for 92% of the total. This marks a potential reversal of a six-month downtrend in monthly inflows. Simultaneously, SOL futures open interest surged 29.5% in the first half of May, reaching $6.4 billion, indicating significant new capital entering the derivatives market. Spot buying pressure also increased, with the Cumulative Volume Difference (CVD) rising sharply. On the fundamental side, Solana's largest-ever consensus upgrade, Alpenglow, has launched on a community testnet, aiming to drastically reduce transaction finality times. Mainnet deployment could occur next quarter. Analysts note that after a four-month consolidation period, short-term traders have largely exited, leaving conviction holders in control of the supply. This shift in holder structure means any renewed trading volume is more likely to push prices upward. A technical Adam & Eve bottom pattern suggests a price target of $120. However, short-term momentum has shown signs of cooling near the $95-$96 resistance level. Risks remain, including potential pressure from exchange sell orders if ETF inflows weaken again and the threat of cascading liquidations from highly leveraged positions.

marsbit05/12 03:29

Solana ETF Draws $39 Million Inflow in Single Week, Highest Since February, Futures Open Interest Surges 30%, Traders Target $120

marsbit05/12 03:29

Solana volume is fragile, but traders haven’t given up – Here’s why!

Solana (SOL) is experiencing a prolonged cooling phase with significantly weakened trading volumes in both spot and futures markets since November 2025. Despite a notable price decline from around $160 to the $80-$90 range, and a sharp drop to below $80 in late January, trading activity has not recovered. However, derivatives data reveals some underlying optimism: aggregated open interest has remained stable around $2.0B-$2.1B, indicating traders haven't fully exited, and funding rates have turned positive. Currently trading near $85, SOL is range-bound with neutral RSI and weak trend strength. A breakout above the $90-$92 resistance zone requires stronger volume; otherwise, sideways movement is likely to continue.

ambcrypto04/11 08:08

Solana volume is fragile, but traders haven’t given up – Here’s why!

ambcrypto04/11 08:08

Morpho surges by 10% – Is a breakout above $2.1 on the way?

Morpho (MORPHO) has surged by 10% in the past 24 hours, accompanied by a significant increase in trading volume, which nearly doubled to around $58 million. This bullish momentum is supported by a 16% rise in Open Interest, indicating fresh capital entering the market and growing investor confidence. The token is currently testing a key supply zone between $1.9 and $2.1, a level that has historically led to bearish rejections. A successful breakout above $2.1 could signal further upward movement, while a rejection may result in consolidation. Despite the positive indicators, the supply zone remains a critical resistance point for Morpho's price action.

ambcrypto04/11 01:03

Morpho surges by 10% – Is a breakout above $2.1 on the way?

ambcrypto04/11 01:03

Avalanche – How tired buyers, active sellers are affecting AVAX’s weak rally

Avalanche (AVAX) experienced a 13.71% rally in under 18 hours on April 7, rising from $8.46 to $9.62, driven by significant spot volume and news of CME Group launching Avalanche Futures in May. Despite the price increase, Open Interest growth was modest, indicating low speculative interest, while Spot CVD showed stronger spot market belief. However, AVAX failed to break the $9.45-$9.60 supply zone due to seller dominance and buyer exhaustion. Technical indicators, including the CMF remaining below -0.05, suggest continued capital outflows and a bearish structure. The price is trading in a range between $8.56 and $9.46, with potential for a pullback to $9 or $8.3 rather than an immediate breakout above $9.6.

ambcrypto04/09 07:58

Avalanche – How tired buyers, active sellers are affecting AVAX’s weak rally

ambcrypto04/09 07:58

DEXE dumps 15% as seller dominance surges – Warning sign?

DEXE experienced a sharp decline of 15.27%, dropping to $7.6, despite a broader crypto market rebound. The altcoin lost the $8 support level, falling as low as $7.3, and moved below the Parabolic SAR, indicating strong bearish pressure. The drop was driven by increased profit-taking, a surge in seller dominance, and a significant rise in trading volume dominated by selling activity. Open Interest declined slightly while Derivatives Volume spiked, suggesting aggressive position closures. Futures net flow turned negative, reflecting strong bearish sentiment. A recovery above $7.9 could lead to a rebound toward $9.2, but failure may result in a further decline toward $7 or even $5.1.

ambcrypto04/09 02:02

DEXE dumps 15% as seller dominance surges – Warning sign?

ambcrypto04/09 02:02

LayerZero rallies 20%: Will rising leverage trigger a ZRO bull trap?

LayerZero (ZRO) surged 20% to $2.07 with trading volume up 125%, indicating strong market activity. However, the rally was driven by sharp, demand-driven spikes rather than steady growth, increasing pressure near the $2.11–$2.31 resistance zone. Sellers began defending higher price levels early, causing compression below resistance. While technical indicators like MACD and Parabolic SAR showed reduced bearish pressure, they lacked full confirmation. Open Interest rose 25%, reflecting increased leveraged positions, and funding rates turned positive, indicating a long bias. This growing reliance on speculation raises the risk of a sharp pullback if resistance holds, potentially toward the $1.77 support level.

ambcrypto04/08 16:48

LayerZero rallies 20%: Will rising leverage trigger a ZRO bull trap?

ambcrypto04/08 16:48

5 in a row! Here’s why monthly perp volumes have been falling since October

Perpetual trading volumes on decentralized exchanges have declined for five consecutive months, falling nearly 50% from a peak of $1.36 trillion in October 2025 to $699 billion by March 2026. This drop reflects ongoing bear market conditions and cautious trader sentiment following last year's market crash, which erased nearly $1 trillion in value. Open interest also declined by 50% from pre-October levels, indicating reduced speculative activity. While the decline highlights persistent bearish pressure, it also suggests traders are recalibrating risk more strategically. This measured behavior helps stabilize markets, reduce volatility, and may lay a stronger foundation for crypto's next rally.

ambcrypto04/07 23:32

5 in a row! Here’s why monthly perp volumes have been falling since October

ambcrypto04/07 23:32

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