Worth knowing: what open interest actually means.
Open interest is the number of derivative contracts currently open.
Rising open interest with rising price means new money is coming in long. Rising price with falling open interest means positions are being closed, which is a weaker kind of rally.
Open interest tells you whether a move is being funded by new positions or by old ones closing.
Right now: BTC at 79,546 (+1.33%), 42 of 60 liquid pairs green, FF leading at +30.9%.
#Write2Earn #CryptoBeginners #TradingTips #RiskManagement
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
Open interest is the number of derivative contracts currently open.
Rising open interest with rising price means new money is coming in long. Rising price with falling open interest means positions are being closed, which is a weaker kind of rally.
Open interest tells you whether a move is being funded by new positions or by old ones closing.
Right now: BTC at 79,546 (+1.33%), 42 of 60 liquid pairs green, FF leading at +30.9%.
#Write2Earn #CryptoBeginners #TradingTips #RiskManagement
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
