captjack on Nostr: Open Interest: This represents the total number of outstanding futures contracts that ...

Open Interest: This represents the total number of outstanding futures contracts that have not been settled by delivery or offsetting transaction. It gives an indication of market activity and liquidity.
Commercial Traders: These are typically large institutional traders who use futures contracts to hedge their business operations or to speculate on price movements. The COT report breaks down their long and short positions in various futures markets.