BTC, ETH and SOL open interest rises as crypto market rebounds

Open interest in Bitcoin, Ethereum and Solana derivatives is rising as crypto prices rebound, according to analytics firm Santiment. Santiment said current open interest stands at about $23.4 billion for Bitcoin, $15.5 billion for Ethereum and $2.7 billion for Solana. The firm said the increase points to stronger market participation and risk appetite, while warning that a sharp price reversal could raise the risk of cascading liquidations. According to the report, Ethereum has posted the most sustained increase since August, while Solana has seen greater volatility. Bitcoin open interest remains below its peak from earlier this year, Santiment added, as Bitcoin continues to serve as the market’s anchor amid rising speculative activity in altcoins.