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Derivatives · Level 3Practice

Practice: read the positioning of the BTC perpetual

Open interest only means something next to price. Eight real windows, two of each kind; after each answer the next 12 hours are revealed with the numbers.

You will learn
  • Read price and open interest together on real charts
  • Tell new positions from closing ones, on both sides

Before you start: The lessons on open interest and on liquidations.

How it works

Each window is four real hours of Binance's BTC perpetual, shaded on an hourly chart with taker delta and open interest below it. Say which of four readings fits:

  • New longs — price up, open interest up.
  • Shorts closing — price up, open interest down.
  • New shorts — price down, open interest up.
  • Longs closing — price down, open interest down.

Then the chart shows the next 12 hours and the window's numbers.

Read the positioning — eight real 4-hour windows of Binance's BTC perpetual between 28 September and 26 October 2026, two of each kind: new longs, shorts closing, new shorts and longs closing. After each answer the next 12 hours are revealed with the price, open interest and taker delta of the window.

What it trains

The score is for reading who was opening and who was closing — not for guessing what came next. As the lessons showed, "new longs" names the side in a hurry; every contract still has a long and a short.

Takeaways
  1. Open interest up: positions opened; down: positions closed.
  2. Price says which side was in a hurry: up for longs opening or shorts closing, down for the reverse.
  3. A reading of positioning is not a forecast.

Open the BTC perpetual in the terminal and read it live

Further reading

Education only, not financial advice · Updated 27 Oct 2026 · Data: Binance · Report a mistake