Indicator Overview

The Bitcoin Futures Open Interest indicator tracks the total USD value of all outstanding futures contracts across major exchanges (CME, Binance, Bybit, OKX, etc.), displayed as a gradient line that shifts from deep green (sharp 7-day contraction) through neutral to bright green (rapid expansion). Bitcoin price is overlaid on a secondary logarithmic axis in white, with optional SMA/EMA overlays and unified hover showing exact OI and 7-day momentum.

How To Use

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

Price rallying while OI contracts (line darkening toward deep green) warns of distribution and impending reversals, whereas price weakness with rising OI (brightening toward vivid green) suggests persistent buying interest and high-probability rebounds. Traders use sharp green spikes as sell signals, deep green collapses as generational buy signals, and the overall gradient trend as a real-time gauge of leveraged conviction, making aggregated open interest one of the most powerful tools for identifying euphoria, capitulation, and major turning points in Bitcoin’s price cycles.