According to @caprioleio, the crypto market just saw the biggest liquidation cascade since 2021, with perpetual futures open interest down roughly $8.5 billion within hours (source: @caprioleio on X, Oct 10, 2025). A rapid decline in open interest typically signals mass position closures and deleveraging across derivatives markets, reducing outstanding exposure (source: CME Group Education, Open Interest overview). Such deleveraging can compress funding rates and amplify short-term price swings as forced liquidations cascade through order books (source: Binance Academy, Funding Rate Explained; Binance Academy, What Are Liquidations). Traders may prioritize lower leverage, disciplined position sizing, and close monitoring of funding and open interest metrics to navigate elevated volatility and slippage during liquidation events (source: Binance Academy, Risk Management in Crypto Trading; Investopedia, Slippage).

According to @ai_9684xtpa, OPEN ($OPEN) on Binance dipped to around $0.80 after the initial high and then rallied to $1.64, implying a fully diluted valuation near $1.64 billion. Source: @ai_9684xtpa on X, Sep 8, 2025. According to @ai_9684xtpa, Binance futures data show open interest of about 10.51 million OPEN (≈$17.26 million), with the number of long accounts exceeding short accounts while whale positioning is slightly net short. Source: @ai_9684xtpa on X, Sep 8, 2025. According to @ai_9684xtpa, this positioning suggests shorts are under pressure and market makers appear active. Source: @ai_9684xtpa on X, Sep 8, 2025. According to @ai_9684xtpa, the project is described as a leading Web3 AI token on Xiaohongshu, with backing from Polychain and Stanford, which may be supporting demand. Source: @ai_9684xtpa on X, Sep 8, 2025.