Turco

BFX BTC Open Interest Represented in USD and BTC vs Price

BITFINEX:BTCUSD   Bitcoin / Dollar
After listening to the suggestions of tradingview user FALA, I downloaded the BFX data into excel in order to graphically view the levels of open interest for Bitcoin             on the exchange. For those that are unfamiliar with the Open Interest indicator, it basically shows combined longs and shorts and represents how many traders are entering or leaving the market.

1) BFX Open Interest represented in USD vs BTC             VWAP:
https://cdn.pbrd.co/images/Px8c6pM.jpg

I am getting mixed signals with this chart:
-Bearish signs: Slightly rising price; Open Interest slowly dropping; Low volume = 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 bullish sign.

2) BFX Open Interest represented in BTC             Quantity vs BTC             VWAP:
https://cdn.pbrd.co/images/Pr0rlU4.jpg

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.
Hi where can I download the open interest data?
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Turco cresliver69
@cresliver69, bfxdata.com
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