For traders deep into orderflow mechanics, open interest is absolutely critical. You can't ignore it.

Taking a closer look at Velo—the OI situation there is moderately elevated at the moment, but nothing that screams immediate mean reversion is coming. It's in that interesting middle ground.

What's fascinating is the textbook correlation between OI movements and price action. They move in tandem like they're choreographed. When you understand this rhythm, you start seeing patterns others miss. The key is watching for when that relationship breaks—that's when the real moves happen.