TermMax Open interest (TMX)
Aggregate data on futures positions with 3 exchanges. Current OI: $1.7M, change over 24 hours: +12.35%
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Distribution OI TMX on exchanges
| Exchange | OI ($) | OI (TMX) | Share | 24 hours |
|---|---|---|---|---|
| $1.1M | 9,298,734 TMX | 66.9% | +23.95% | |
| $405,586 | 3,319,035 TMX | 23.9% | +5.77% | |
| $156,096 | 1,282,153 TMX | 9.2% | -27.30% |
Schedule OI: TMX/USDT
Open interest TermMax - data analysis
Total open interest by TermMax (TMX) — $1.7M, or 13,906,320 TMX in real terms. Over 24 hours, the change was +12.35%. Share TMX in the global OI derivative crypto market - 0.001%.
Futures positions are distributed across 3 exchanges. The highest concentration is on Bybit (66.9% of the total volume). When one site holds too large a share OI, cascading liquidations on it are capable of moving the entire market TMX.
What does this indicator show? Open interest is the total amount of outstanding futures contracts, including perpetual swaps and quarterly futures. Each position is both long and short. OI signals an influx of new capital, a decrease signals the closing of positions.
How to read data? Growth OI + price growth is a healthy bullish trend, money is going into long positions. OI + price drop TMX - aggressive build-up of shorts. Sharp decline OI — cascading liquidations or mass stop-loss closures. Three different scenarios and three different trading decisions.
For a complete analysis TMX use OI together with financing rate And liquidation map. Extremely high OI with overheated funding - a classic harbinger of a sharp price reversal.
FAQ: Open Interest TermMax
What is open interest? TMX?
Open Interest (Open Interest, OI) By TermMax — the total volume of all outstanding futures contracts: perpetual swaps and quarterly futures. Each contract has a long and a short position. OI shows how much capital is locked up in derivatives TMX right now.
Why OI rises when the price falls TMX?
This means an aggressive buildup of short positions. New traders enter short positions, increasing the overall OIThis situation often ends with a short squeeze—a sharp surge in shorts. Watch out for financing rate: Negative funding confirms shorts' dominance.
Which exchanges have the most futures? TMX?
Currently the leader in OI TMX — Bybit with a share 66.9%In total, the data is aggregated from 3 exchanges. The exact distribution is in the table above; the shares change daily.
How to use OI in trading?
Key combination: OI + price + funding. Growth OI With price - bullish trend, confirmed by money. Rising while falling - bearish. Sharp decline - liquidations. Extreme OI When funding is high, the market is overheated, get ready for a reversal.
How OI differs from trading volume?
Trading volume – how many contracts changed hands during the period. OI — how many contracts remain open right now. High volume with growing OI — an influx of new capital. High volume with falling OI — mass closing of positions. Fundamentally different signals.
When the decline OI - a good sign?
When the market is overheated. If funding is off the charts and OI At the highs, a decline signifies a "discharge" of the market, the removal of excess leverage. After such a discharge, the trend resumes TMX is often more stable.