Global #Open Interest

The cryptocurrency market has witnessed a curious shift in recent days. While Bitcoin (BTC) experienced a slight price decline, the total open interest on exchanges has dropped significantly.

On August 27, Santiment, a leading on-chain analytics provider, highlighted a significant trend in cryptocurrency markets: Bitcoin's recent "mild" price decline has led to a notable decrease in open interest (OI) for Bitcoin futures and derivatives.

The future of Ethereum (ETH) is a hot topic, with investors grappling with bullish and bearish predictions. But what can futures market data tell us about the sentiment surrounding Ethereum?

FLOKI, the self-proclaimed Dogecoin killer, is facing a rough day. The meme coin's price plunged a staggering 21% in just 24 hours, according to CoinGecko.

During this bullish season in the crypto community, the frenzy surrounding memecoins has been the talk of the town. Pepe and WIF have skyrocketed into the top 20 cryptocurrencies by market capitalization within just a year of their public release.

The daily trading volume of decentralized exchanges (DEX) on Solana [SOL] has decreased, contrasting with the figure three days prior, which exceeded $1.5 billion. This decline is notable compared to Solana's performance in April when its DEX volume reached a monthly high of $60 billion.