Key Takeaways
- • Solana perpetual futures open interest rose 4.55% to $832.5 million, the fastest gain among five major cryptocurrencies tracked, according to Pluang.
- • Bitcoin open interest climbed 3.06% to $7.41 billion, while Ether open interest fell 0.33% to $4.75 billion, the only decline in the group.
- • Funding rates were positive across all assets, meaning longs paid shorts, with Solana, XRP and Dogecoin showing the highest rates.
- • Despite rising open interest, Solana's spot price on Pluang fell 1.26% over 24 hours to Rp1,514,156 as of Nov 11, 2026 18:21 WIB.
Summary
Open interest in Solana's perpetual futures rose 4.55% to $832.5 million, the fastest gain among five major cryptocurrencies, indicating growing trader interest, according to Pluang. The move points to increased bullish positioning in the derivatives market, with Solana showing the strongest momentum of the group.
Bitcoin's open interest rose 3.06% to $7.41 billion over the same period, while Ether's open interest declined 0.33% to $4.75 billion, the only decrease among the assets tracked. Funding rates were positive across all assets, meaning long positions paid short positions, with Solana, XRP and Dogecoin carrying the highest rates. Pluang characterized the shift as suggesting increased bullish sentiment in most major crypto futures markets.
Spot prices diverged from the derivatives signal. As of Nov 11, 2026 at 18:21 WIB, Solana traded at Rp1,514,156 on Pluang, down 1.26% over the prior day. Bitcoin was priced at Rp1,339,228,228, down 0.28% over 24 hours. XRP fell 2.27% and Dogecoin fell 1.75%, which Pluang described as reflecting short-term selling pressure on those assets.
Related coverage on the Pluang feed included a report that a single address added about 86,172.56 SOL, valued at roughly $7.42 million, to its Solana long position, bringing the total holding to 87,271.03 SOL with an accumulated profit of about $40.45 million. Separately, Circle minted around 500 million USDC on Solana within 24 hours, lifting USDC supply on the network to nearly $7 billion. Solana also led major meme-coin market volume with $84.57 million, or 52.3% of the $162 million total for the 24 hours ending Nov. 10.
Bitcoin's open interest rose 3.06% to $7.41 billion over the same period, while Ether's open interest declined 0.33% to $4.75 billion, the only decrease among the assets tracked. Funding rates were positive across all assets, meaning long positions paid short positions, with Solana, XRP and Dogecoin carrying the highest rates. Pluang characterized the shift as suggesting increased bullish sentiment in most major crypto futures markets.
Spot prices diverged from the derivatives signal. As of Nov 11, 2026 at 18:21 WIB, Solana traded at Rp1,514,156 on Pluang, down 1.26% over the prior day. Bitcoin was priced at Rp1,339,228,228, down 0.28% over 24 hours. XRP fell 2.27% and Dogecoin fell 1.75%, which Pluang described as reflecting short-term selling pressure on those assets.
Related coverage on the Pluang feed included a report that a single address added about 86,172.56 SOL, valued at roughly $7.42 million, to its Solana long position, bringing the total holding to 87,271.03 SOL with an accumulated profit of about $40.45 million. Separately, Circle minted around 500 million USDC on Solana within 24 hours, lifting USDC supply on the network to nearly $7 billion. Solana also led major meme-coin market volume with $84.57 million, or 52.3% of the $162 million total for the 24 hours ending Nov. 10.
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