TON’s Open Interest (OI) in the futures market has dropped to $141 million, the lowest level in nine months. Open Interest, which measures the total value of outstanding futures contracts, is a key indicator of market sentiment and liquidity. A decrease in OI often signals reduced market participation and lower volaitlity.
This trend is not isolated to TON; it can be observed across the entire crypto market. It appears to be a low-volatility period as the year comes to a close.
Written by maartunn