Futures Open

Definition ∞ Futures open refers to the total number of outstanding futures contracts that have not yet been settled or closed. This metric indicates the current level of open interest in a particular futures market. A rising futures open suggests increasing participation and potential for greater price volatility as new positions are established.
Context ∞ In the context of cryptocurrency derivatives, futures open is a closely watched indicator for gauging market sentiment and potential price action. News reports often analyze changes in futures open alongside price movements to infer whether new capital is entering the market or if existing positions are being liquidated. Significant shifts in futures open can signal evolving expectations among traders regarding future price trajectories.