Glassnode, an on-chain analysis firm, reports a decline in Bitcoin's Open Interest (OI) since its peak last month. This suggests traders are liquidating positions in response to uncertain market conditions. Ethereum's OI has also decreased, aligning with BTC's trend. However, short-term data indicates an increase in traders re-entering positions. In contrast, Solana's OI is on the rise. This suggests traders are optimistic about SOL's future prospects.

#BTC #ETH