Traders piled into Solana futures, driving open interest to a record 63.84M, while futures tied to most other top tokens saw declines. CME Bitcoin OI slid to 135.72K BTC, its lowest since April, while Ether futures OI stayed near record highs of 2.10M ETH, reinforcing ETH’s relative appeal over BTC.
Options markets reflected caution: BTC and ETH puts commanded a premium across maturities, while block flows on Paradigm featured call selling and put rolling. Wintermute flagged continued demand for December BTC call spreads.
