Open Interest (OI) refers to the total number of outstanding derivative contracts not settled for an asset. An increase in OI and a price increase typically indicate that new money is coming into the market. On the other hand, if the price rises but OI falls, the rally might be driven by short covering rather than new buying, potentially signaling a weaker trend.
Spot Bitcoin ETFs Register Net Outflows for Third Straight Day
The methodology used by Glassnode uses price stamping of bitcoin deposits to ETFs for the top three ETF issuers, which...