Ether Derivatives Open Interest Declines to $11.8 Billion

Ether (ETH) derivatives open interest has fallen to $11.8 billion, close to its roughly $12 billion mid-August level.

An earlier market snapshot placed open interest near $12 billion in mid-August. Positions expanded through late September before the latest decline.

The figure represents the dollar value of derivatives contracts still in force. The lower reading shows that outstanding exposure has contracted, but the total does not identify whether traders reduced long positions, short positions or hedges.