Options Open Interest
What Is Options Open Interest?
The total number of outstanding Bitcoin options contracts. Shows the total notional value of calls and puts across exchanges like Deribit, CME, and others.
How to Interpret
High OI at specific strike prices creates 'gravity' or 'pinning' effects around those levels. The put/call OI ratio indicates overall market positioning (hedging vs. speculation).
More Derivatives Metrics
Liquidations
The forced closing of leveraged positions when margin requirements are not met. Liquidation data shows the dollar value and direction (long vs short) of liquidated positions.
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.
Term Structure
The curve showing futures contract prices across different expiration dates. Shows the relationship between spot price and forward delivery prices at various maturities.
Futures Volume
The total daily trading volume of Bitcoin futures contracts across all exchanges. Measures the level of speculative activity and leveraged trading.