Open Interest: Understanding the Bigger Picture
Open Interest measures the value or quantity of outstanding futures and perpetual contracts that have not yet been closed or settled.
Recent third-party SHELL derivatives snapshots have shown different estimates, including approximately $5.8 million on one source and around $3.4 million on another.
A higher OI can indicate greater derivatives exposure, but it does not reveal whether positions are predominantly long or short.
The most useful approach is to track OI together with price, volume and funding over time.
#OpenInterest #CryptoDerivatives #SHELL
Open Interest measures the value or quantity of outstanding futures and perpetual contracts that have not yet been closed or settled.
Recent third-party SHELL derivatives snapshots have shown different estimates, including approximately $5.8 million on one source and around $3.4 million on another.
A higher OI can indicate greater derivatives exposure, but it does not reveal whether positions are predominantly long or short.
The most useful approach is to track OI together with price, volume and funding over time.
#OpenInterest #CryptoDerivatives #SHELL