Analytics platform Santiment reported that open interest in bitcoin, Ethereum and Solana rose as the crypto market recovered. It put outstanding derivatives positions at about $23.4 billion, $15.5 billion and $2.7 billion, respectively. Santiment warned that higher leverage could intensify a sell-off and trigger cascading liquidations if prices reverse.
In a separate analysis, Santiment said peaks in bullish and bearish retail sentiment coincided with local reversals in bitcoin’s price. It described such peaks as possible contrarian signals, not certain predictors.
