Open Interest — Crypto Futures

Real-time open interest (OI) for Bitcoin and major crypto futures on Binance. Track how total position size changes to gauge market conviction.

No data

What is Open Interest?

Open Interest (OI) is the total number of outstanding futures or perpetual contracts that have not been settled. Rising OI means new money is flowing into the market; falling OI means positions are being closed.

OI is one of the most reliable indicators of market conviction. A price move accompanied by rising OI is generally more sustainable than one with falling OI, which can signal short covering or profit taking.

Sudden drops in OI often coincide with large liquidation events, where overleveraged positions are forcibly closed by the exchange.

How to Read the OI Chart

↑Rising OI + Rising Price — Bullish trend with fresh long positions entering

↓Rising OI + Falling Price — Bearish trend with fresh short positions entering

~Falling OI + Rising Price — Short squeeze (shorts closing), less reliable rally

~Falling OI + Falling Price — Long liquidations or profit taking, potential bottom forming

Data sourced from Binance Futures API. For informational purposes only. Not investment advice. All trading involves risk of loss.