Future’s Open Interest (OI) is the total amount of funds allocated in open futures contracts.
While the Estimated Leverage Ratio is defined as the ratio of the OI in futures contracts and the balance of the corresponding exchange.
- Almost 250k Bitcoin has been wiped in futures OI in the past three months since the FTX collapse.
- A decrease in futures volume is healthy for accumulating and continuing a higher price.
- As futures decrease, a lower likelihood of liquidation cascades, so less volatility
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.
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