1) BFX Open Interest represented in USD vs BTC VWAP:
I am getting mixed signals with this chart:
-Bearish signs: Slightly rising price; Open Interest slowly dropping; Low = These are traditionally considered to be signs of a weak market.
-Bullish signs: We are in a congestion range and since 5/1/2015 Open Interest has been slightly dropping, which is generally considered a sign.
2) BFX Open Interest represented in BTC Quantity vs BTC VWAP:
This chart is open to interpretation as well, and could potentially show that miners have continually sold their BTC , causing lower prices and higher quantities.
Traders will interpret this information in different ways.