$AKE 15-minute futures open interest rose 9.37%, with an open interest value of about $9.64 million; the price fell 11.9% over the same period.
Guys, what exactly does open interest tell us? Here’s the short version👇
Open interest value = open interest amount × price. When the price rises, the value of open interest rises too. Comparing the amount of coins gives a better indication of whether new positions have actually been opened.
A high level of open interest is not inherently bullish or bearish; it simply means more capital is committed and the battle between the two sides is more intense.
Extreme readings often mean greater volatility. At times like these, it’s better to reduce leverage rather than increase your position.
#AKE
Guys, what exactly does open interest tell us? Here’s the short version👇
Open interest value = open interest amount × price. When the price rises, the value of open interest rises too. Comparing the amount of coins gives a better indication of whether new positions have actually been opened.
A high level of open interest is not inherently bullish or bearish; it simply means more capital is committed and the battle between the two sides is more intense.
Extreme readings often mean greater volatility. At times like these, it’s better to reduce leverage rather than increase your position.
#AKE
