Open Interest Tracking

1.6 Open Interest Tracking for Futures Markets

The platform includes a dedicated Open Interest chart positioned below the main price chart, which tracks the total number of outstanding futures contracts across exchanges. Open interest is a critical indicator of market sentiment and liquidity, as it reflects the level of trader participation in futures markets. Rising open interest, especially when paired with increasing prices, often signals strong trend continuation, while declining open interest during a price rally may indicate profit-taking or an impending reversal. Insiderdepth’s Open Interest chart (e.g., showing 29.65B for BTC) is accompanied by volume data, providing a comprehensive view of market dynamics. For instance, a trader might notice a sharp increase in open interest alongside a spike in trading volume, suggesting heightened market activity and potential for a sustained price move.

This feature equips users with the insights needed to assess market strength, anticipate volatility, and refine their futures trading strategies.