Open Interest (OI) is an important indicator in the contract market, but many people overlook it. The total OI across the network is now $442.966 billion, with a 24-hour change of +7.72%. There are two scenarios for an increase in OI: 1. Price rises + OI increases = New long positions entering (trend confirmation) 2. Price drops + OI increases = New short positions entering (downtrend confirmation) There are also two scenarios for a decrease in OI: 1. Price rises + OI decreases = Short positions closing (short squeeze, could be a false breakout) 2. Price drops + OI decreases = Long positions closing (panic selling) BTC is currently at $73,904 (), which falls under the first scenario—trend confirmation. http://(bbx.com)/zh-Hans/indicators/derivatives