Bitcoin Open Interest Nears $23.4 Billion as Crypto Prices Recover

Figures published Oct. 21 put Bitcoin (BTC) open interest near $23.4 billion as crypto prices recovered, a change that can signal more derivatives activity but does not show how traders are positioned. Ether (ETH) open interest was $15.5 billion and Solana (SOL) was about $2.7 billion, putting the combined total for the three assets at about $41.6 billion. The total covers the reported Bitcoin, Ether and Solana figures, not every crypto derivatives market. Bitcoin’s reading remained about 10% below the $26 billion reached in late September. Open interest climbed 18% to that level by Sept.