Open Interest Rank
For any group of contracts expiring at a given settlement date, the Open Interest Rank indicator sorts them according to the aggregate dollar amount in outstanding positions in the last 24-hours.
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.