OPEN-SOURCE SCRIPT

Crypto Open Interest

4292
Plots a crypto's open interest on Binance.

You can choose to see OI as asset-denominated (e.g. 1000 BTC), USD-denominated, or both.

How I usually interpret OI:
Price up, OI up = longs opened = bullish
Price up, OI down = shorts closed = bullish on HTF, or counter-trade on LTF
Price down, OI up = shorted opened = bearish
Price down, OI down = longs closed = bearish on HTF, or counter-trade on LTF

I find the indicator useful on 1-minute charts to identify liquidations and compare perp v.s. spot patterns.

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