Traders cut futures exposure across the whole majors board in the 24 hours to Oct 29, 11:35 UTC. Every coin finished with less open interest, the value of futures positions still open, than a day earlier.
Avalanche shed the most, -4.03% with the price at -2.33%, followed by Chainlink at -3.31% on a -1.05% price move. Both were flagged as deleveraging, meaning positions closed into a falling price. $BTC was the lightest mover at -1.21%.
Litecoin was the only one to finish in the green at 0.38%, and its open interest still slipped -1.26%. Funding sat at 0.01% or 0% everywhere, so buyers pay almost nothing to stay in.
Avalanche shed the most, -4.03% with the price at -2.33%, followed by Chainlink at -3.31% on a -1.05% price move. Both were flagged as deleveraging, meaning positions closed into a falling price. $BTC was the lightest mover at -1.21%.
Litecoin was the only one to finish in the green at 0.38%, and its open interest still slipped -1.26%. Funding sat at 0.01% or 0% everywhere, so buyers pay almost nothing to stay in.
