Dogecoin saw the biggest reduction in Open Interest (OI) among the top nine cryptocurrencies by market cap, with a 64% decline. Solana's OI stands at $1.51 billion after a 47% decrease, while XRP's OI has fallen 44%. One crypto trader pointed out that current OI levels are nearing all-time lows, comparable to the numbers seen during the Nov. 2022 collapse of FTX.
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