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Data shows Polkadot crashes after reaching $1B open interest — Will it happen again? -Breaking

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Open interest refers to a rise in derivatives contract numbers (with a relevant increase), which usually implies that there are more traders involved.

The futures market has a balanced long and short position. Institutional investors, however, can take part in the markets by having more active contracts.

Bitfinex price in USD Source: TradingView
Open interest in Polkadot aggregate Futures. Source: Coinglass.com
Polkadot Permanent Futures 8 Hour Funding Rate in May Source: Coinglass.com