$ICNT Contract open interest changed by +5.19% over the past hour, and is now about $8.01 million; the coin price rose 4.96%.
In my view, rising open interest alongside a rising price usually means more new long positions have been opened.
Changes in open interest don’t mean money has flowed into or out of the spot market—contracts and spot trading are different.
In my view, rising open interest alongside a rising price usually means more new long positions have been opened.
Changes in open interest don’t mean money has flowed into or out of the spot market—contracts and spot trading are different.