$OP 24-hour contract open interest is up 30.41%, while price is down 1.06%—open interest is rising as price moves sideways.
First, a note on methodology: open interest here is measured in coin units, excluding the effect of price fluctuations on its value. So the change reflects actual positions being opened or closed.
Positions are increasing while the price moves sideways. Positions on both sides are growing, which may indicate that disagreement is building. This kind of coiling often ends with volatility expanding, though it’s impossible to predict the direction in advance.
What signal would you wait for before making a move?
#OP
First, a note on methodology: open interest here is measured in coin units, excluding the effect of price fluctuations on its value. So the change reflects actual positions being opened or closed.
Positions are increasing while the price moves sideways. Positions on both sides are growing, which may indicate that disagreement is building. This kind of coiling often ends with volatility expanding, though it’s impossible to predict the direction in advance.
What signal would you wait for before making a move?
#OP