Solana Open Interest Plunges 20%: What It Means For Price

Data shows the Solana (SOL) Open Interest has seen a 20% plunge in the past day. Here’s what this could mean for the cryptocurrency’s price.
Solana Open Interest Has Plunged After Market Volatility
According to data from the analytics firm Santiment, the Open Interest of Solana and other cryptocurrencies has seen a steep decline since Bitcoin has set its new all-time high.
The “Open Interest” here refers to the total amount of derivative contracts (like futures and option