Futures Open Interest
What Is Futures Open Interest?
The total number of outstanding futures contracts across all exchanges. Represents the total amount of capital committed to Bitcoin futures positions.
How to Interpret
Rising OI with rising price = new money entering long positions (bullish). Rising OI with falling price = new shorts being opened (bearish). Declining OI = positions being closed.
More Derivatives Metrics
Funding Rates
Periodic payments between long and short traders in perpetual futures contracts. Positive rates mean longs pay shorts; negative rates mean shorts pay longs. Keeps perpetual prices anchored to spot.
Futures Basis
The annualized spread between Bitcoin futures prices and the spot price. Represents the cost of carry and reflects market sentiment about future prices.
Options Volume
Daily trading volume in Bitcoin options contracts. Measures the level of options market activity and can indicate hedging demand or speculative interest.
Futures Volume
The total daily trading volume of Bitcoin futures contracts across all exchanges. Measures the level of speculative activity and leveraged trading.