Bitcoin

Ethereum

Solana

Bitcoin has seen a different degree of open interest (OI) activity alongside Ethereum (ETH) and Solana (SOL), according to a recent analysis by Santiment. Although Solana&#39;s price has increased, <a href="https://cryptotale.org/bitcoin-sentiment-soars-as-blackrock-calls-it-a-global-hedge/" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum have witnessed a significant increase in OI. On the other hand, Solana has seen just a considerable adjustment. This reveals different degrees of trader involvement, as some cryptos experienced more speculative activity than others.<h2 id="header-0">Increased Trading Activity</h2>This increase in Bitcoin&#39;s OI suggests more leveraged positions held by traders, signaling hope for a price increase. The higher OI shows traders seek to profit from Bitcoin&#39;s growing momentum as its price recovers.Similar trends have been seen with Ethereum, whose open interest, at the time of writing, stands at $5.36 billion. Reflecting a 3.29% rise over the past 24 hours and a 6.87% increase over the past week, Ethereum&#39;s price is $2,418.51. With a trading volume of $12.99 billion over the past day, Ethereum&#39;s price swings clearly to attract traders&#39; keen interest.Notably, <a href="https://cryptotale.org/coinbase-launches-cbbtc-token-on-ethereum-and-base-networks/" rel="noopener noreferrer nofollow">Ethereum&#39;s</a> OI growth fits its price increases, indicating a surge in speculative trading. Based on the consistent ascent in open interest, traders seem to be positioned for more gains. Like Bitcoin, Ethereum&#39;s price momentum is driven by growing speculative activity as many traders use their positions to profit from the continuous market rise.Related: <a href="https://cryptotale.org/bitcoin-reserve-drop-signals-possible-price-surge-an-analysis/" rel="noopener noreferrer nofollow">https://cryptotale.org/bitcoin-reserve-drop-signals-possible-price-surge-an-analysis/</a><a href="https://cryptotale.org/btc-eth-lead-open-interest-solana-lags-behind-above-140/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC, ETH Lead Open Interest, Solana Lags Behind Above $140

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