GALA (GALA) Open interest

Live open interest data for GALA perpetual on Hyperliquid. Track the total value of outstanding derivatif contracts and understand market positioning.

Current Open interest
$273.6K

Total value of all outstanding GALA perpetual contracts

Market Context

Open Interest
$273.6K
Volume 24j
$238.9K
Pendanaan (8j)
+0.0013%
Harga
$0.003530
+4.81%
OI / Volume Ratio
1.15x
Position holding

OI + Price Interpretation

Bullish Accumulation

Price is rising with positive funding, suggesting new posisi long are being opened and buying pressure is strong. This typically indicates a healthy uptrend with conviction from dengan leverage tradingr.

Price Direction
Up 4.81% (24h)
Funding Direction
Positive (Longs pay)

Understanding Open interest

Open interest (OI) represents the total number of outstanding derivatif contracts that have not been settled. In kontrak perpetual, every position has both a buyer (long) and a seller (short), so OI counts one side of the pair. When a new long and posisi short are opened, OI increases. When a position is closed, OI decreases.

For GALA (GALA), open interest is a key indicator of market participation and conviction. Rising OI means new money is entering the market, while falling OI means positions are being closed. The direction of OI change combined with pergerakan harga provides important signals about trend strength and potential reversals.

The OI/Volume ratio is particularly useful. A high ratio (above 1x) indicates that tradingr are holding positions rather than day trading, suggesting conviction in the current trend. A low ratio (below 0.5x) suggests more speculative, short-term activity. The current GALA OI/Volume ratio of 1.15x indicates position holding behavior with strong conviction.

Pertanyaan yang Sering Diajukan

GALA (GALA) currently has $273.6K in open interest on Hyperliquid. Open interest represents the total value of all outstanding perpetual contracts that have not been settled. It includes both long and posisi short and indicates the total amount of capital deployed in active GALA derivatif positions.
Increasing GALA open interest means more capital is entering the market through new positions being opened. When OI rises with the price, it typically confirms an uptrend as new longs are being opened. When OI rises while price falls, it may indicate new shorts are being opened, confirming a downtrend. High OI also means more positions are at risk of likuidasi.
Decreasing GALA open interest means positions are being closed. When OI falls while price rises, it could indicate shorts are closing (short covering rally). When OI falls while price drops, it could indicate longs are closing. Declining OI often signals that a trend may be losing momentum as tradingr take-profits or cut losses.
The current GALA OI/Volume ratio is 1.15x. This ratio compares open interest to 24-hour trading volume. A high ratio (above 1x) suggests positions are being held longer, indicating conviction. A low ratio (below 0.5x) suggests more day trading activity with positions being opened and closed quickly.
Open interest data for GALA can be a valuable indicator: 1) Rising OI + rising price = bullish confirmation, consider posisi long. 2) Rising OI + falling price = bearish confirmation, consider posisi short. 3) Falling OI + rising price = short covering, trend may be weakening. 4) Falling OI + falling price = long unwinding, selling pressure may ease. Combine OI data with tingkat pendanaan and sentiment for a complete picture.

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Trading GALA Perpetual on Hyperliquid

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