Key Takeaways
- • Solana (SOL) posted the largest 24-hour open interest gain among five major crypto perpetual futures markets, rising 3.19% to $834.3 million.
- • Bitcoin (BTC) retained the largest total open interest at $7.53 billion, up 1.48% over 24 hours.
- • Long positions dominated all five monitored perpetual futures markets, signaling bullish trader positioning.
- • XRP was the only asset among the five to see open interest decline in the period, while SOL spot traded at Rp1.732.332 on Pluang, down 1.49% on the day.
- • Related flows showed pressure on Solana products, with U.S. Solana ETFs recording $10.8 million in net outflows on October 30, the fifth consecutive day of withdrawals.
Summary
As of October 31, 2026, Solana (SOL) recorded the strongest 24-hour increase in open interest among five major crypto perpetual futures markets, rising 3.19% to $834.3 million, according to Pluang's market data. Bitcoin (BTC) maintained the largest total open interest at $7.53 billion, up 1.48%. Ether (ETH), XRP and Dogecoin (DOGE) also registered varying changes, with XRP the only market to decline. Long positions dominated all five markets, indicating strong bullish sentiment among derivatives traders.
Despite the rise in futures open interest, spot prices on Pluang moved lower. Solana traded at Rp1.732.332 on Pluang, down 1.49% over the past day, while Bitcoin was priced at Rp1.401.020.000, down 0.42%. XRP and Dogecoin also showed slight declines. Pluang reported Solana's market capitalization at Rp1.023,79 trillion.
Related coverage on the same day noted a large on-chain transfer of 1.223 million SOL, valued at approximately $117 million, moved into Coinbase Prime in a single deposit on October 31, as monitored by analyst 余烬. On October 30, U.S. Solana spot ETFs posted $10.8 million in net outflows, extending a five-day withdrawal streak to a combined $71.6 million over October 26 to October 30. Separately, a prior-day report noted Solana had fallen 6.7% to $93.78 amid a futures market skewed toward longs at 3.38 longs per short, a setup that raised the risk of forced liquidations.
Taken together, the data show rising leveraged long exposure in Solana futures alongside weaker spot prices and ETF outflows, a divergence institutional participants may weigh when assessing near-term positioning.
Despite the rise in futures open interest, spot prices on Pluang moved lower. Solana traded at Rp1.732.332 on Pluang, down 1.49% over the past day, while Bitcoin was priced at Rp1.401.020.000, down 0.42%. XRP and Dogecoin also showed slight declines. Pluang reported Solana's market capitalization at Rp1.023,79 trillion.
Related coverage on the same day noted a large on-chain transfer of 1.223 million SOL, valued at approximately $117 million, moved into Coinbase Prime in a single deposit on October 31, as monitored by analyst 余烬. On October 30, U.S. Solana spot ETFs posted $10.8 million in net outflows, extending a five-day withdrawal streak to a combined $71.6 million over October 26 to October 30. Separately, a prior-day report noted Solana had fallen 6.7% to $93.78 amid a futures market skewed toward longs at 3.38 longs per short, a setup that raised the risk of forced liquidations.
Taken together, the data show rising leveraged long exposure in Solana futures alongside weaker spot prices and ETF outflows, a divergence institutional participants may weigh when assessing near-term positioning.
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