How to Check Contract Data？
1. On Web
Visit CoinEx official website (https://www.coinex.com), log in to your account, and select [Contract Data] under [Futures] at the top navigation bar.
2. In App
Enter the [Futures] page in CoinEx App, tap the [···] icon in the top right, and select [Contract Data].
Introduction of Contract Data
1. Open Interest and Trading Volume
Open Interest: The total open interest of all users within the period.
Trading Volume: The total executed volume of this contract within the period.
By looking at both Open Interest and Trading Volume, we can gain insights into the forced liquidation volume and closing volume. If Trading Volume rises during a particular period while Open Interest falls, it indicates that a large number of positions were either closed or forcefully liquidated. On the other hand, if both Trading Volume and Open Interest increase, it suggests that traders are taking a greater interest in opening positions.
2. Taker Buy/Sell Volume
Take Buy Volume: The total volume of Buy orders filled by Takers, i.e. capital inflow volume.
Take Sell Volume: The total volume of Sell orders filled by Takers, i.e. capital outflow volume.
A large buy volume indicates a strong bullish sentiment in the market, while a high sell volume suggests a significant bearish sentiment, with many traders going short.
3. Long / Short Ratio (Account)
Long / Short Ratio (Account): The proportion of net long accounts to the net short accounts at a specific time.
With Long / Short Ratio (Account), we can understand the trading tendencies of retail traders and institutional investors. In Futures, the total value of long and short positions is always equal. A 150% Long / Short Ratio means the number of long accounts is 1.5 times that of short accounts, which suggests that short traders are mainly institutional investors who held heavy positions, whereas long traders are mostly retail investors with small positions.
4. Top Trader Long / Short Ratio (Account)
Top Trader Long / Short Ratio (Account): The proportion of the net long positions to the net short positions of the top traders in this market. Top trader refers to the top 20% traders in terms of position amount in the current market, and each account is counted once without calculating the specific position volume.
In Futures trading, top traders generally exhibit better trading habits and are more sensitive to market trends, which makes them a good reference point for retail traders. However, some top traders and institutions may use Futures trading as a hedge against spot trading. Therefore, we still need to make independent judgments while following them.