A divergence has formed in the crypto futures market during the past week as Bitcoin and Solana have seen deleveraging against the others.

Bitcoin, Solana Have Seen A Drop In Perpetual Futures Open Interest

In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Open Interest for Bitcoin and other top coins in the cryptocurrency sector.

The “ Open Interest ” here refers to an indicator that measures the total amount of perpetual futures positions related to a given asset that are currently open on all centralized derivatives exchanges.

When the value of this metric goes up, it means the investors are opening up fresh positions on the perpetual futures market. Generally, the total leverage present in the sector rises when this trend develops,

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