- Ethereum (ETH) perpetual futures open interest (OI) on Hyperliquid climbed to about $3.02 billion, surpassing Bitcoin (BTC).
- Hyperliquid’s total open interest reached a record high of about $18 billion as of late September, equivalent to roughly 9% to 11% of global perpetual futures open interest.
- With ETH moving back ahead of BTC, some analysis suggests speculative demand in the derivatives market is shifting toward Ethereum, though rising open interest is better viewed as a gauge of higher leverage across both long and short positions.
Ethereum Open Interest on Hyperliquid Surpasses Bitcoin, Tops $3 Billion
Ethereum has surpassed Bitcoin in open interest on decentralized derivatives exchange Hyperliquid.
bloomingbit
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Sep 29, 2026 at 9:52 AM UTC · 1 min de lectura
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bitcoin, ethereum
Last Updated
hace 15 horas
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Forecast Trend Report by Period
Ethereum has surpassed Bitcoin in open interest on decentralized derivatives exchange Hyperliquid.
Crypto Briefing reported on September 29 that open interest in Hyperliquid’s ETH perpetual futures stood at about $3.02 billion, compared with about $2.8 billion for BTC.
Open interest refers to the total value of derivatives contracts that have not yet been liquidated or closed. Unlike trading volume, it measures the size of positions still outstanding in the market.
Ethereum moved from $2,417.26 to $2,673.33 over the last 30-day period, a gain of 10.6 percent.
Source: Kraken · NewsLayer Markets · Updated hace unos segundos
ETH and BTC have traded places at the top of Hyperliquid’s open interest rankings several times this year. With ETH moving back ahead of BTC, some analysis suggests speculative demand in the derivatives market is shifting toward Ethereum.
Hyperliquid’s total open interest reached about $18 billion as of late September, a record high. That is equivalent to roughly 9% to 11% of global perpetual futures open interest.
Still, an increase in ETH open interest does not necessarily signal a rise in bullish bets. Because open interest includes both long and short positions, it is better viewed as a gauge of market participation and increased leverage than of price direction.
Follow the Story
- Sep 29Ethereum Open Interest on Hyperliquid Surpasses Bitcoin, Tops $3 Billion
- Sep 29Institutions shift focus from owning Bitcoin to building financial products and infrastructure around it.
- Sep 29Bitcoin holds near $83,600 as rising U.S. bond yields test risk appetite - CHOSUNBIZ
- Sep 30Fake Coinbase texts led to $900K Bitcoin theft; US seeks forfeiture of seized crypto from Binance.
- Sep 29Ethereum Open Interest on Hyperliquid Surpasses Bitcoin, Tops $3 Billion
- Sep 29Institutions shift focus from owning Bitcoin to building financial products and infrastructure around it.
- Sep 29Bitcoin holds near $83,600 as rising U.S. bond yields test risk appetite - CHOSUNBIZ
- Sep 30Fake Coinbase texts led to $900K Bitcoin theft; US seeks forfeiture of seized crypto from Binance.
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Originally reported by bloomingbit
NewsLayer coverage based on externally reported material.
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