Solana Open Interest Falls Back to $5.44B, Unwinding Late-2025 Leverage

Coinglass data shows Solana's total futures open interest across exchanges at $5.44 billion (about 65.12 million SOL), returning to levels last seen around April 2025. The pullback follows a peak near $15 billion to $16 billion in mid-September 2025, and SOL was trading at $83.51, down 2.7% over the past 24 hours at the time of writing.