The Open Interest Rank indicator ranks the top futures contracts regardless of their settlement date, according to the aggregate dollar amount in outstanding positions in the last 24-hours.
💡 How can I use it?
Open Interest Rank for Bitcoin Futures
The Open Interest Rank is helpful to measure the top futures contracts in terms of open positions. This indicator denotes the dominance of the top exchanges and their contracts. It is also useful for traders looking to open a position, as in general higher open interest points to greater liquidity which can be beneficial for traders.