OI × Price Matrix: Reading Open Interest Against Price

The OI × Price Matrix takes two numbers - the change in open interest and the change in price over the same window - and combines them into one of four regimes: Price up + OI up: new longs are being added. The move is backed by fresh leveraged demand. Price up + OI down: shorts are being forced to buy back to close (a short squeeze), not new buyers stepping in. These moves tend to fade once the squeeze is done. Price down + OI up: new shorts are being added into weakness - conviction on the downside. Price down + OI down: longs are capitulating and closing out, rather than fresh shorts pressing the market lower. BTCWEAPON.COM computes this from filtered, multi-exchange data specifically so that a single noisy print on one venue doesn't flip the read - the goal is a cross-noise trend signal, not a reaction to one exchange's order flow.