Open Interest (OI) on Bitcoin represents derivative contracts such as futures and options that have not yet closed at a specific time.
In other words, it is the sum of all open long or short positions at a given instant.
As it sums both long (optimistic) and short (pessimistic) positions, it is not useful for trying to guess future price trends, but it is a good indicator of the volume of trading activity.
The Open Interest on Bitcoin
CoinGlass collects the OI on different platforms where derivatives are traded, and sums them together.
Right now the total Open Interest on Bitcoin derivatives is reported to be over $14 billion.
It is worth noting that the crypto exchange with the largest OI on Bitcoin is Binance, with a share well below 50% (32%), but almost double that of CME.
The CME (Chicago Mercantile Exchange) is the world’s leading exchange for derivatives, but it only comes in at 18% of the entire Open Interest on Bitcoin despite this.
What’s more, the third larges
We współpracy z: https://en.cryptonomist.ch/2023/06/25/open-interest-bitcoin-annual-highs/
