Crypto Derivatives Open Interest Climbs as Digital Assets Rebound; Bitcoin at $23.4 Billion

Open interest in major cryptocurrency derivatives has increased as digital-asset prices rebound, with Bitcoin open interest reaching $23.4 billion.Santiment said on Oct. 21 that open interest in Bitcoin, Ether and Solana derivatives rose alongside the recovery in crypto prices.Bitcoin open interest was $23.4 billion. Ether stood at $15.5 billion, while Solana reached $2.7 billion.Open interest measures the value of derivatives contracts that remain outstanding and have not been closed. A rise in open interest means the size of outstanding contracts in the market has expanded.