Open Interest
Open interest of the perpetual in USD: the total value of open positions, showing whether money is entering or leaving the market.
How to read it
- Rising OI with a move means new positions are opening behind it.
- Falling OI means positions are closing; a move on falling OI is often short covering or long liquidation.
- Sharp OI drops often line up with liquidation cascades.
Good to know
- Drawn in its own pane below the chart.
- Perpetual futures data from the venue.