OI

etherd0t

Yes, but in the real world, some sellers are covered, and some are not. Even if they own some BTC, they don’t “park” it idly; they use it as collateral or lend it out... So for high open interest (OI) strikes, even if *some* calls are covered, the majority of OI-related gamma hedging still results in spot market demand as price approaches key levels (like $90k or $95k for BTC). (Open Interest is the total number of outstanding (i.e., unclosed) derivative contracts - like options or futures - that are active at a given time.)

Abby1994_21

Great question — “trading crypto” can mean a bunch of things depending on the person. For some it’s just swing trading majors like BTC/ETH on centralized exchanges. For others, it’s full-on day trading perps, scalping order books, reacting to Twitter/news flow, or doing on-chain plays. Personally, I focus on BTC perps/options and try to build edge from live data like whale activity, Twitter alpha (yep, still useful), and volume imbalances. One thing that helped me a ton was building a custom trading dashboard with all my data sources in one place. I’m not a dev, so I built it with a no-code tool called [https://dynamicdashboard.io](https://dynamicdashboard.io/) — just type in what I want (e.g., “BTC price + tweet stream from 5 accounts + OI chart”) and it builds it. Made my process way faster and more focused. If you’re looking to go from passive holding to active income, figuring out your data flow + process is a solid first step.

mattymoyanksfan

Healthy OI rinse. Now let us see which way btc really wants to go

J_Schnetz

OI.

DaddyShreds2

My guess is the manta books were super thin and he was a significant percentage of the OI so that it cost them that much to close the trade. <<<<<This right here. Why don't people use stop losses? I don't understand. But why did binance send him a check? If he liquidated himself, they would just ignore him. Do they think he will just liquidate himself again or are they wrong in some way?

idontgiveafunyun

It is the first time I've seen it too. Lets say you're right that it was a thin market and he had a large percentage of OI... it was still closed at a negative price point based on my calculations. I have never seen that before. And the MANTA liquidation was caused by his ORCA liquidation at a time when his margin ratio wasn't even close to 100%. I don't think a stop loss would've helped him in this case because of how early the liquidation happened.

piggleii

OI is actually pretty low-ish. I would've thought most people would be shorting the fuck out of the market right now.

mattymoyanksfan

OI is very low right now

sonofsatan13

Not going anywhere? OI and his billionaire buddies will probably find a way to line their pockets with some or all of it eventually.

mattymoyanksfan

OI continues to drop. Overall very healthy

coinfeeds-bot

tldr; Bitcoin's open interest (OI) has dropped to a four-month low of $49 billion, or 558,914 BTC, as market volatility discourages leveraged positions. This marks a decline from December's $62 billion OI, with Binance hitting a 12-month low. The trend suggests a shift from leverage-driven activity to spot buying, possibly due to volatility or liquidation losses. Bitcoin's price has fluctuated, recently recovering to $90,000 after a 25% drop in February. Analysts predict continued volatility in March, potentially stabilizing by April. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mattymoyanksfan

Ltf or htf? Btc funding negative and lowest OI in 6 months. CME gap around $93k. March should be good for alts but we shall see

AlphaRed

LOL. Check the OI. MMs gonna make sure those expire worthless before allowing price to go up. Strangely most crypto stocks actually have lower PE than big techs.