Merkle seeks to balance its open interest (OI) skew via its funding mechanism....used to bring the mark price and oracle price into equilibrium, funding on Merkle is a function of the OI...User fees for a trade are also determined by the OI skew....For example, if the OI on the SOL market is $1 mn in longs vs $1.5 mn in shorts, those who short will...

It is worth noting that given the inherent lack of liquidity and open interest (OI) on DEXs, Elixir will...

And finally, we begin to see OI increase rapidly as price moves into our support region....This is interesting because the rapid OI increase actually came after the initial long liquidations....On October 28th, aggregate BTC OI was hovering around $20Bn with BTC trading around $67K....Aggregate BTC OI topped out around $23.5Bn, adding nearly $3.5Bn in two sessions.

Bitcoin futures basis fell to negative terrain for the first time since August 2023, while notional OI...

And finally, we begin to see OI increase rapidly as price moves into our support region....This is interesting because the rapid OI increase actually came after the initial long liquidations.

Sticking with OI, we also notice that the total OI to Market Cap ratio for RARE is about 0.5.

Oi at the bottom.

And while the overall market has not recovered its risk appetite (illustrated by the weak OI recovery...Specifically with names like $SUI, with OI increasing nearly 150% in the last week.

When looking at the total BTC OI across major crypto-native exchanges, we can see that there is about...$11Bn in current OI....When looking at the CME BTC OI, we can see a similar number as the CME accounts for nearly half of global...BTC OI....https://x.com/3xliquidated/status/1798020657609101628 It is safe to assume that a fair amount of CME OI...

...how it holds under real pressure, as most assets have low trading volume and are nowhere near their OI...

...market is painting quite the bullish picture indeed… Outside of BTC, the biggest relative changes in OI...over the last week have been led by LINK, SOL, and WIF — with LINK’s OI jumping more than 40%....An example of this can be seen with $LINK and the OI increases over the last week, following last week...

CEXs also have a strong incentive to integrate sUSDe given a large share of their Open Interest (OI)...themselves looking to trade perps, Ethena is now one of the single largest sources of Open Interest (OI...

Outside of BTC, the biggest relative changes in open interest (OI) over the last week have been led by...$SHIB, $NOT, and $PEOPLE, with $SHIB OI increasing nearly 50% before settling at around a 20% increase...

...and the broader crypto market, with total crypto market OI down nearly 40% from the March highs.

Outside of BTC, the biggest relative changes in OI over the last week have been led by $PEOPLE, $NOT,...$WIF, $ETH and $SOL — with $PEOPLE OI jumping more than 60% at one point!...ETH spot ETF approval causing OI surge for ETH) or just technical-based market positioning.

An example of this can be seen with $WLD OI increases over the last week in conjunction the OpenAI Spring...Even with these OI increases, $WLD was unable to make any significant directional moves, indicating a...

The Aave v3 USDC borrow rate was lower than the OI weighted average ETH perp funding rate 76% of the...While a high OI/volume ratio is a healthy sign of organic usage, it also suggests users have not yet...The race is not quite as close as the chart suggests; Contango OI includes margin plus borrowed, and...

We can clearly see last week’s market pullback in the OI % Change for many of the large cap altcoin charts...Many of these coins are now trading at OI levels last seen a few weeks ago… Which is something that...

...give my thoughts on how markets have played out so far. from jan 1 through jan 6, nearly 4bn in BTC OI...up the entirety of the gains made during the first week of the year. we have also seen much of the OI...unwind as well, resetting a lot of long positioning in the process. we can clearly see this as OI is...

Ethena already constitutes over 20% of ETH-PERP open interest (OI)....Consequently, in a world where ETH scales to $5000, at 30% of OI, USDe could theoretically support a...Therefore, assuming a 30% market share of BTC OI, this would allow USDe to safely add another $4.8B to...Similarly, BTC OI will simultaneously scale as BTC’s price scales.