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What Is Open Interest in Crypto Perpetuals?
Trading

What Is Open Interest in Crypto Perpetuals?

High Conviction

Learn what open interest measures in crypto perpetuals, how it differs from volume, and how to read it with price, funding and liquidation risk.

Ronan Hayes11 min readAug 17, 2026
MARKET HIGHLIGHTS
BTC Price
$63,607
+1.04%
ETF Net Flow
+$210M
Today
$
Stablecoin Liquidity
Expanding
7D Change +2.81%
Risk Appetite
Moderate
Index: 56 / 100
ONCHAIN SNAPSHOT
Active Addresses
12.45%
7D Change
Exchange Outflow
Rising
7D Trend
Whale Activity
Accumulating
7D Trend
Long-Term Holder Supply
Increasing
7D Change