Look Into Bitcoin has been optimized and rebranded to Bitcoin Magazine Pro! Read more about it here. Start your 30-day free trial now.
  View charts in Landscape for optimal mobile experience. For full functionality and best user experience view this website on laptop or desktop.

Bitcoin: Bitcoin Open Interest

Your view of this chart is limited. For lower timeframes, critical chart features, and more frequent data updates subscribe here.

Zoom in with touchscreen: Touch and hold with ONE finger then drag.

Zoom in on desktop: Left click and drag.

Reset: Double click.

What Is Open Interest?

Open Interest (OI) relates to Bitcoin derivatives products. These are bitcoin futures and perpetual swap products for traders that allow them to speculate on whether the price of Bitcoin will go up or down, without them having to actually own any Bitcoin.

Open Interest is the value of contracts that are open at a given period of time. The value is usually denominated in USD or BTC. So to calculate Open Interest we sum up all of the open positions at that time whether they are long or short positions.

If more traders open positions then Bitcoin Open Interest goes up, if traders close positions then open interest goes down.

Therefore, it gives an overall view of how much money is moving in and out of the bitcoin derivatives market.

Why Is It Useful To Know The Open Interest Value?

Open Interest is a useful guide to see how much activity there is in the market. When the BTC price is trending up and OI starts to go up very quickly, it can be an indication that the market may be becoming frothy and unsustainable as lots of new money pours in to trade. The inverse is also true. So it can be a useful tool in the overall toolkit for Bitcoin investors to identify periods of extreme activity in the bitcoin derivatives markets.

On lower timeframes, traders can use BTC open interest alongside funding rates, price, liquidations, and other derivatives data to try and gain an edge. There are many examples of how this can be done.

One such example is that when price is falling, but funding rates and open interest are climbing, it can suggest that many derivatives traders are attempting to buy the dip, and *may* get caught out by further price falls. If a trader has identified this activity by observing derivatives data, it may help to inform their decision-making as to whether they take a trade or not.

Data Sources

We show OI data for the following derivatives exchanges:

  • Binance
  • OKX
  • Bybit
  • Bitfinex
Similar Charts That You May Find Useful

The Open Interest chart is showing data from the derivatives market. Another chart that takes data from the derivatives market is Funding Rate.

You May Also Be Interested In

Bitcoin Funding Rates screenshot
Bitcoin Funding Rates

Perpetual contract funding rates.

Make smarter decisions about Bitcoin. Instantly.

Access the Bitcoin and Global Macro Charts that really drive Bitcoin’s price.

+40 chart alerts. Never miss critical levels on charts again.

Analysis newsletter. Manage your emotions at market extremes.

Private Tradingview indicators. See Bitcoin chart levels in real time!

Cancel anytime.

Learn More

Any information on this site is not to be considered as financial advice. Please review the Disclaimer section for more information.