Following the Mar 27 expiry on Deribit, open interest declined sharply across BTC, ETH, SOL, XRP, TRX, and AVAX.
BTC declined from 518.98K to 334.81K contracts (−35.5%), now at 361.37K
ETH decreased from 2.85M to 1.85M (−35.1%), now at 1.96M
SOL OI dropped from 3.71M to 447.01K (−87.9%), now at 529.16K
XRP fell from 49.96M to 14.91M (−70.2%), now at 18.44M
TRX dropped from 37.11M to 21.95M (−40.9%), now at 24.94M
AVAX dropped from 1.15M to 590.9K (−48.6%), now at 660.3K