Indicator Notes｜$JCT ｜15-minute open interest +7.69%｜Price +29.18%
Definition: Open interest is not capital inflow. An increase in open interest only means that the amount of positions held in contracts has grown; it doesn’t tell you where the money came from or which direction it’s betting on.
How to read it: Open interest varies greatly between coins. It’s not unusual for a small-cap coin’s open interest to swing by tens of percent in a short time, while swings of the same magnitude are much rarer for major coins.
Don’t place an order at the most volatile moment. Wait for the price move to play out, then take a look.
#JCT
Make your own trading decisions; don’t follow the crowd blindly.
Definition: Open interest is not capital inflow. An increase in open interest only means that the amount of positions held in contracts has grown; it doesn’t tell you where the money came from or which direction it’s betting on.
How to read it: Open interest varies greatly between coins. It’s not unusual for a small-cap coin’s open interest to swing by tens of percent in a short time, while swings of the same magnitude are much rarer for major coins.
Don’t place an order at the most volatile moment. Wait for the price move to play out, then take a look.
#JCT
Make your own trading decisions; don’t follow the crowd blindly.