A closer look at “Bitcoin Futures Open Interest Slips to $7.68 Billion as Funding Stays Positive”, exactly as the source publishes it. Bitcoin's derivatives market entered the weekend with slightly less leverage, as futures open interest dipped 0.69% to $7.68 billion in a Saturday snapshot at 11:00 UTC, October 17. Despite the decline, funding rates remained positive at 0.0035% per eight-hour interval, indicating longs were still paying shorts—a sign that leveraged buyers are not yet retreating en masse. The long-account share stood at 63.2%, but that metric counts accounts, not capital, and every contract has two sides.
Solana saw a sharper drop, with open interest falling 4.25% to around $929.5 million. Weekend liquidity can exaggerate moves, so the data doesn't confirm that deleveraging is complete or that support levels will hold. Traders will look to weekday volumes for a clearer directional signal. This listing links straight to the original page, where the content is available in full.