Solana Open Interest nears all-time highs An incr

Solana Open Interest nears all-time highs

An increase in open long positions in the futures market preceded SOL’s rally to $157 today.

On June 12, total open interest on SOL futures reached 45.87 million SOL, the highest in over two years and up 22% over the last 30 days. The OI remains high at 43.86 million SOL at the time of writing on June 16.

In dollar terms, this represents $6.86 billion in futures positions, ranking third in the cryptocurrency market and over 71% higher than the demand for XRP derivatives.

Solana Open Interest nears all-time highs

An increase in open long positions in the futures market preceded SOL’s rally to $157 today.

On June 12, total open interest on SOL futures reached 45.87 million SOL, the highest in over two years and up 22% over the last 30 days. The OI remains high at 43.86 million SOL at the time of writing on June 16.

In dollar terms, this represents $6.86 billion in futures positions, ranking third in the cryptocurrency market and over 71% higher than the demand for XRP derivatives.