Bitcoin (BTC) Open Interest

Monitor real-time Bitcoin Open Interest for perpetual contracts across top exchanges to analyze market positioning, liquidity, and identify actionable trading setups.

Ranking
Exchanges
OI (BTC)
OI
OI Change (1h)
OI Change (4h)
OI Change (24h)
Trade
1
757.3K
$88.31B
-0.39%
-0.33%
6.19%
2
151.9K
$17.70B
0.13%
1.18%
-2.78%
3
135.0K
$15.75B
-0.41%
-0.74%
6.99%
Trade
4
85.1K
$9.92B
-0.49%
3.51%
20.17%
Trade
5
76.9K
$8.97B
-0.75%
-3.18%
13.04%
Trade
6
52.5K
$6.11B
-0.61%
0.84%
3.36%
Trade
7
41.4K
$4.83B
-0.40%
-3.45%
3.75%
Trade
8
39.5K
$4.61B
0.09%
0.98%
-0.60%
Trade
9
37.7K
$4.39B
-1.82%
-1.75%
12.88%
Trade
10
25.3K
$2.95B
-1.92%
-2.00%
4.39%
Trade
11
23.2K
$2.70B
-0.56%
-1.99%
8.82%
Trade
12
20.7K
$2.41B
0.07%
7.38%
76.61%
Trade
13
19.9K
$2.34B
-0.18%
-13.40%
-14.89%
Trade
14
11.5K
$1.35B
0.15%
1.12%
-1.92%
Trade
15
8.0K
$938.50M
0.10%
1.12%
1.39%
Trade
16
4.2K
$490.09M
-0.73%
-5.33%
-0.02%
Trade
17
2.6K
$308.93M
-0.82%
1.13%
9.01%
Trade
18
2.5K
$292.27M
-1.02%
0.00%
-0.53%
Trade
19
1.5K
$169.56M
-0.27%
0.23%
10.91%
Trade
20
572.07
$66.67M
1.59%
2.08%
-10.63%
Trade
1

BTC OI Weighted History

Historical chart of BTC Open Interest, weighted across top perpetual exchanges.

What is Bitcoin Open Interest?

Bitcoin Open Interest (OI) refers to the total number of active perpetual futures contracts that have not yet been settled. Unlike trading volume, which measures total contracts traded within a timeframe, OI represents how many positions remain open at any given moment. This metric is key for understanding market sentiment, liquidity, and trader participation in Bitcoin's perpetual futures markets.

Why Does Bitcoin Open Interest Matter?

Open Interest is essential because it shows the flow of new or existing capital into the Bitcoin market. An increasing OI typically signals that fresh money is entering the market, hinting at potential price momentum. Conversely, a decline in OI often indicates traders exiting positions, suggesting possible trend reversals. Monitoring OI helps traders anticipate Bitcoin’s price movements and market direction more effectively.

Using Bitcoin Open Interest to Spot Trends

Analyzing Bitcoin OI alongside price movements can reveal critical insights into market trends:

  • Rising Price + Increasing OI: Suggests a strong bullish trend as new buyers are entering the market.
  • Falling Price + Increasing OI: Indicates growing bearish sentiment, as more sellers enter positions.
  • Stable or Decreasing OI: Often signals consolidation, weakening momentum, or potential reversals.

By keeping an eye on these patterns, traders can better gauge market sentiment and adjust their strategies accordingly.

Bitcoin OI for Identifying Trading Opportunities

Real-time tracking of Bitcoin OI across major centralized and decentralized exchanges provides actionable insights. Sudden spikes or drops in open interest can highlight significant shifts in trader positioning, potentially forecasting sharp price movements. Using OI data in conjunction with technical indicators helps traders identify timely entry and exit points, manage risk more effectively, and seize profitable opportunities in the Bitcoin perpetual futures markets.

WhiteBIT
7
10
0.01
0.035
Centralized
https://www.coinperps.com/go/whitebit
https://www.coinperps.com/go/whitebit
MEXC
7
9
0
0.02
Centralized
https://www.coinperps.com/go/mexc
https://www.coinperps.com/go/mexc
dYdX
4.75
18
0.02
0.05
Decentralized
https://www.coinperps.com/go/dydx
https://www.coinperps.com/go/dydx
CoinEx
6.2
14
0.03
0.05
Centralized
https://www.coinperps.com/go/coinex
https://www.coinperps.com/go/coinex
Coinbase Futures
6.75
11
0.4
0.6
Centralized
https://www.coinperps.com/go/coinbase
https://www.coinperps.com/go/coinbase
Kraken
8.2
6
0.02
0.05
Centralized
https://www.coinperps.com/go/kraken
https://www.coinperps.com/go/kraken
Bitmex
5.25
17
0.05
0.05
Centralized
https://www.coinperps.com/go/bitmex
https://www.coinperps.com/go/bitmex
Bitfinex
5.5
16
0.02
0.065
Centralized
https://www.coinperps.com/go/bitfinex
https://www.coinperps.com/go/bitfinex
BingX
7.25
8
0.02
0.05
Centralized
https://www.coinperps.com/go/bingx
https://www.coinperps.com/go/bingx
Crypto.com
6.75
12
0.25
0.5
Centralized
https://www.coinperps.com/go/cryptocom
https://www.coinperps.com/go/cryptocom
Hyperliquid
6.5
13
0.015
0.045
Decentralized
https://www.coinperps.com/go/hyperliquid
https://www.coinperps.com/go/hyperliquid
Deribit
7.75
7
0
0.05
Centralized
https://www.coinperps.com/go/deribit
https://www.coinperps.com/go/deribit
HTX
6.2
15
0.02
0.06
Centralized
https://www.coinperps.com/go/htx
https://www.coinperps.com/go/htx
OKX
8.75
3
0.05
0.02
Centralized
https://www.coinperps.com/go/okx
https://www.coinperps.com/go/okx
Bitget
8.4
5
0.02
0.06
Centralized
https://www.coinperps.com/go/bitget
https://www.coinperps.com/go/bitget
Bybit
9.4
1
0.02
0.055
Centralized
https://www.coinperps.com/go/bybit
https://www.coinperps.com/go/bybit
Gate.io
8.75
4
0.02
0.05
Centralized
https://www.coinperps.com/go/gateio
https://www.coinperps.com/go/gateio
Binance
9.4
2
0.02
0.05
Centralized
https://www.coinperps.com/go/binance
https://www.coinperps.com/go/binance