Bets on a lower price are the minority on Jupiter Perps, $17.3M against $81.2M in longs. Even so, they're using far more of their capacity. Short utilisation, meaning the share of pool money set aside for that side that is already borrowed, reads 64.48% on SOL, ETH and BTC alike.
The long side runs much lighter, at 13.31% on SOL, 21.67% on BTC and 6.37% on ETH. Longs still hold 82.5% of open positions, and $SOL longs alone account for $52.4M.
The JLP pool backing these trades holds $814.0M and pays a 6.09% APR. On Oct 30, $SOL traded at $95.52, down 1.75% over 24 hours, and $BTC was at $76.8K, down 2.63%.
The long side runs much lighter, at 13.31% on SOL, 21.67% on BTC and 6.37% on ETH. Longs still hold 82.5% of open positions, and $SOL longs alone account for $52.4M.
The JLP pool backing these trades holds $814.0M and pays a 6.09% APR. On Oct 30, $SOL traded at $95.52, down 1.75% over 24 hours, and $BTC was at $76.8K, down 2.63%.
