Open interest bitcoin chart

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Interpretations of Open Interest
Bitcoin open interest refers to the total number of outstanding Bitcoin futures or options contracts in the market. It is a measure of the amount of money. Open interest is defined as the number of open positions (including both long and short positions) currently on a derivative exchange's BTC/USD trading pairs. The fascinating aspect of total open interest in Bitcoin is that every once in a while it sees a spike in a relatively short amount of time.