Open Interest (OI) is a key indicator in the contract market, but many people overlook it. The total OI across the network is now $413.718 billion, with a 24-hour change of -13.00%. There are two scenarios for an increase in OI: 1. Price rises + OI rises = New long positions entering (trend confirmation) 2. Price drops + OI rises = New short positions entering (downtrend confirmation) Similarly, there are two scenarios for a decrease in OI: 1. Price rises + OI drops = Shorts closing positions (short squeeze, could be a false breakout) 2. Price drops + OI drops = Longs closing positions (panic selling) BTC is now at $70,180 (), OI is dropping, and shorts are surrendering. http://(bbx.com)/zh-Hans/indicators/derivatives