What is OI? 🛫
Open Interest (OI) represents the total number of outstanding futures or options contracts that haven’t been settled yet 🕯
For each buyer of a futures contract there must be a seller. From the time the buyer or seller opens the contract until the counter-party closes it, that contract is considered 'open'.
↗️ Right now, Bitcoin-denominated open Interest (orange line) sits lower than in the last bull run, revealing more subdued leverage usage.
👀 Traders appear cautious, entering fewer high-risk futures bets. This signals a shift from peak speculation toward steadier, possibly more institutional-driven activity.
This more balanced stance can reduce the likelihood of sudden price collapses driven by mass liquidations (like last time in 2022) 🐻
