# Crypto Rebound Fuels Derivatives Surge

> Bitcoin open interest hits $23.4 billion as crypto prices rebound.
- Title: Crypto Rebound Fuels Derivatives Surge · BigGo Finance
- Summary: Bitcoin open interest hits $23.4 billion as crypto prices rebound. Bitcoin derivatives open interest reached $23.4 billion (31 trillion won) amid crypto…
- Keywords: bitcoin, derivatives, open interest, ethereum, solana, mvrv, finance, markets, Crypto, Rebound, Fuels, Surge
- Source: BigGo Finance — https://finance.biggo.com/news/bbd1bfd1-eac3-464a-8867-f166f7ec0bbd
- Author: BigGo Finance
- Published: 2026-10-21T20:35:11+00:00
- Read time: 1 min
- Topics: bitcoin, derivatives, open interest, ethereum, solana, mvrv, finance, markets
## Derivatives Open Interest
Bitcoin derivatives open interest reached $23.4 billion (approximately 31 trillion won) as crypto prices rebounded.
## Ethereum and Solana Open Interest
Ethereum derivatives open interest stood at $15.5 billion (approximately 20.6 trillion won) and Solana at $2.7 billion (approximately 3.6 trillion won).
## Market Capitalization Rebound
Cryptocurrency market capitalization excluding top 10 assets rebounded to $226.71 billion (approximately 300.6 trillion won).
## Technical Indicators
RSI at 57.79 and MACD above signal line indicate improving short-term buying momentum.
## MVRV Metrics
Dogecoin and XRP MVRV at 0.74 and 0.92 suggest average holders are underwater, while Bitcoin, Ethereum, and Chainlink hover near break-even.
## Market Outlook
Market views rising open interest and asset rebound as signs of increased short-term trading activity but requires more confirmation before trend reversal.
## Key takeaway

Bitcoin derivatives open interest reached $23.4 billion (31 trillion won) amid crypto price recovery.