Indicator Overview

The Bitcoin Futures Open Interest 60-Day % Change indicator tracks the bi-monthly percentage change in total USD open interest across major futures exchanges, smoothed and displayed as a gradient line that shifts from deep red (sharp contraction, e.g., >-5 %) through white (near zero) to vivid green (strong expansion, e.g., >+30 %). Bitcoin price is overlaid on a secondary logarithmic axis in white, with optional SMA/EMA overlays and unified hover showing both the percentage change and absolute net OI movement.

How To Use

Deep red plunges signal rapid open interest destruction and historically coincide with cascading liquidations, forced deleveraging, and the climax of bear markets, creating some of the strongest accumulation zones in Bitcoin’s history. Vivid green spikes reveal explosive OI growth and typically mark parabolic bull phases, heavy leveraged long positioning, and the final euphoria before major corrections, ideal for caution or profit-taking.

Traders monitor sharp red spikes as generational buy signals, green spikes as sell or hedge signals, and the zero line as the primary bull/bear regime divider, making the 60-day OI change one of the most powerful tools for identifying leveraged conviction, liquidation cascades, and major turning points in Bitcoin’s price cycles. sharp red