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Stellar ($XLM) has recorded a 1.16% increase in its four-hour open interest despite the asset’s continued price decline on the market. CoinGlass data reveals that though 24-hour open interest suffered a decline by 11.27%, within the past four hours, traders are betting on a possible rebound.
Stellar four-hour futures signal bullish sentiment
Notably, open interest indicates the total value of future contracts that investors have open on $XLM. When the percentage is high, it is indicative of the bullish confidence that investors have in the asset. Hence, at a negative 11.27% about 24 hours ago, it reveals that traders were uncertain of the price direction.
However, the four-hour figure of 1.16% as of press time suggests that bullish sentiment is gradually taking hold on the market. These traders have committed $140 million, or 465.24 million $XLM, to the asset’s future market.
The data reveal that traders on Binance were most bullish as they committed $37.62 million or 27.21 of the total open interest. Bitget, Bybit and OKX followed with $24.96 million, $21.95 million and 14.21 million, respectively.
Although these traders are anticipating a price rebound, the asset has yet to swing positive. At press time, Stellar exchanged hands at $0.3011, which represents a 7.65% decline in the last 24 hours. $XLM slipped from an intraday peak of $0.3284 to the current level amid market volatility.
Trading volume has, however, recorded an uptick by 49.48% to $419.94 million. This is an indication that the engagement could trigger a price reversal.
Could Stellar’s 2025 rally and DeFi growth spark price recovery?
The bullish sentiments of traders despite price action could be due to the asset’s performance year-to-date. As of September 2025, Stellar had recorded a 288% gain, outperforming both Bitcoin and Ethereum, which registered 88% and 73%, respectively.
Stellar had breached the $0.40 resistance level by soaring to $0.4036 briefly at the start of the "Uptober" rally before the broader market fluctuation caused a massive price drop.
Interestingly, many investors and analysts were anticipating a huge breakout, as per Stellar’s DeFi milestones. The asset had seen an increase in adoption with almost 400 million $XLM locked as the platform attracted more users, including institutional interest.
Although the adoption is yet to translate into an actual $XLM price rally, the current uptick in open interest might provide the spark for a recovery to the $0.40 level.