BITCOIN OPEN INTEREST IS AT ~$65B.

Let's know what is open interest and what traders use it for.....

Open Interest is a key metric in derivatives markets, such as futures and options, that reflects the total number of outstanding contracts for a particular asset or financial instrument. This metric shows the total contracts that have been opened but not yet closed through a corresponding buy or sell. For traders and investors, open interest offers insights into market activity and liquidity. An increase in open interest may signal rising trading activity, while a decrease might indicate the opposite. It serves as a valuable measure for tracking market sentiment and identifying potential price trends.