Indicator Overview

The Bitcoin Futures Open Interest Year-on-Year % Change indicator tracks the annual growth rate of total USD open interest across all major futures exchanges, smoothed and rendered as a dynamic area chart. The gradient shifts from deep blood-red (severe yearly contraction) through neutral white to vivid emerald green (explosive yearly expansion), with the colour scale automatically adjusting to the visible timeframe for maximum contrast and clarity.

How To Use

Deep red plunges reveal catastrophic destruction of leveraged positions and historically mark the darkest phases of bear markets, forced liquidations, and capitulation, creating the most powerful generational accumulation zones in Bitcoin’s history. Vivid green spikes signal runaway growth in speculative exposure and coincide with the final parabolic stages of bull markets, peak euphoria, and the highest risk of violent corrections. This yearly lens is uniquely sensitive to structural regime shifts: sustained red zones confirm entrenched bear markets, while persistent green zones validate mature bull cycles.

Divergences are devastatingly accurate: price making new highs while YoY growth fades (colour cooling toward red) is one of the strongest topping signals available, whereas price weakness with accelerating green momentum screams impending reversal and explosive upside. Traders use the deepest red extremes as once-in-a-cycle buy signals, vivid green peaks as final-exit warnings, and the zero line as the ultimate arbiter between structural bull and bear phases, making this the definitive long-term leverage gauge for Bitcoin cycle analysis.