Bybit adjusts the calculation method for open contracts According to TechFlow, on May 28th, Bybit announced that from June 11th, the calculation method for open interest/IO contracts will be changed from bilateral counting to unilateral counting, and API users will be reminded to update API fields in a timely manner. This move aims to enhance market transparency, unify the new calculation method with other encrypted derivative platforms, and further facilitate users and analysts to compare cross platform data. After adopting the new calculation method, the displayed value of open contracts will decrease, but the actual market activity remains unchanged. This change only reflects a change in calculation method, while the actual position, margin, profit and loss, and position limit of each user remain unchanged. At the same time, the system will automatically adjust the rate to maintain the existing level of space restrictions. Starting from June 11th, the Bybit market data page, trading page, and app application will display updated open interest contract data. API users are required to complete system updates before the effective date. Example: When there is a long position of 1000 BTC and a short position of 1000 BTC in the BTCUDT contract, the displayed value of the open contract will be adjusted from 2000 BTC to 1000 BTC.