$BMT 1-hour contract open interest increased by 11.83%; the price rose by 8.93% over the same period.
Let’s use this data to break down open interest.
Open interest represents the overall size of contract positions: the higher it is, the more positions could potentially be liquidated if prices move sharply.
This tracks changes in the number of open positions. Price fluctuations alone don’t change this figure, so it reflects actual opening and closing activity.
The same data can mean very different things in different market conditions, so don’t apply a single rule blindly.

#BMT