Open Interest (Binance)
Open Interest (Binance) represents the total amount of ICP locked in open derivative contracts on Binance that have not yet been closed, settled, or liquidated. It measures how much ICP is currently committed to futures positions and is often referenced to gauge market participation and leverage usage.
How to interpret movements
- Rising Open Interest may indicate expanding participation or increasing leverage exposure, with more contracts being opened than closed.
- Stable Open Interest can reflect equilibrium in the market, with open and closed positions largely offsetting each other.
- Declining Open Interest may signal position unwinding, reduced leverage, or a contraction in speculative activity.
Data & Denomination
- Reported in ICP, sourced directly from Binance derivative market endpoints.
- Does not differentiate between long and short positions, only total exposure.
Limitations
- Historical records are not fully complete due to Binance API constraints, resulting in partial long-term coverage.
- Open Interest does not indicate direction, sentiment, liquidation pressure, or true leverage sizing on its own.
Disclaimer: The information provided in the descriptions above is for informational and educational purposes only and is intended as a general overview of the referenced metrics. These descriptions are illustrative, descriptive, and non-exhaustive; additional interpretations, use cases, and limitations may exist that are not covered here. Nothing herein should be construed as financial, investment, legal, tax, or professional advice, nor should it be relied upon as the sole basis for any decision-making process. All users should conduct their own independent research, validate data through multiple sources, and consult with qualified professionals where appropriate. The content provided does not guarantee accuracy, completeness, or reliability, and no representation or warranty is made regarding its correctness. The metrics, interpretations, and examples mentioned are subject to change over time and may not reflect all possible scenarios or market conditions. By using this information, you acknowledge that you do so at your own discretion and responsibility. No advisory, fiduciary, or client relationship is created through the use or reading of this material.