Open Interest Momentum Index

SQL of the Week #004

Open Interest drives Bitcoin volatility. When leverage builds rapidly, it creates fuel for movements - up or down. The problem: most analysts look at absolute OI values ($40B OI = a lot), missing the relative intensity and divergence with price.

In this educational SQL of the Week release, you’ll get not just analysis, but production-ready SQL with step-by-step explanations that:

✅ Calculates a composite OI Momentum Index from 5 components (90-day z-score normalization)
✅ Identifies anomalous derivatives pressure before it manifests in sharp price moves
✅ Provides a framework for building probability-based forward projections

You see raw data, understand the methodology, measure pressure intensity quantitatively.

Inside is a complete breakdown: how to read the chart, how to interpret z-score extremes, how to combine with supply-side metrics. Plus a link to the ready-made model on CryptoQuant that you can fork to your dashboard. For detail enthusiasts, you’ll find the model backtest log in the review.