Make a note: open interest in $G 1-hour contracts rose 19.23%; the price rose +0.98% over the same period.
People often ask what open interest means. This is how I understand it.
An increase in open interest means new positions are being opened; a decrease means positions are being closed, either voluntarily or through liquidation.
This tracks changes in the number of coins held in open positions. Price fluctuations themselves don’t change this figure, so it really does reflect opening and closing positions.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close and settle before taking a look.
#G
People often ask what open interest means. This is how I understand it.
An increase in open interest means new positions are being opened; a decrease means positions are being closed, either voluntarily or through liquidation.
This tracks changes in the number of coins held in open positions. Price fluctuations themselves don’t change this figure, so it really does reflect opening and closing positions.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to close and settle before taking a look.
#G
