Derivatives open interest (OI) has shown varied changes across different time frames, with a slight increase of 0.10% over the past hour and a more significant rise of 1.93% in the last four hours. However, the 24-hour period reflects a net decrease of 1.19%. This suggests that while short-term OI is on the rise, the overall 24-hour trend remains negative. The current positioning appears to be tactical, indicating strategic adjustments rather than a broad macro-driven shift.