Open interest in $STRK 1-hour contracts rose 8.55%, with the value of open positions at around $30.97 million; price was up 5.57% over the same period.
Guys, what is open interest? Here’s the quick version👇
Open interest represents the combined demand for speculation and hedging. Some positions are simply used to hedge spot exposure.
Open interest should be considered alongside price and funding rates. On its own, a rise or fall in open interest doesn’t tell you whether the market is bullish or bearish.
Indicators aren’t always accurate, so don’t skip risk management: deciding in advance what to do if you’re wrong is more important than guessing right.
#STRK
Just my personal opinion—don’t take it too seriously.
Guys, what is open interest? Here’s the quick version👇
Open interest represents the combined demand for speculation and hedging. Some positions are simply used to hedge spot exposure.
Open interest should be considered alongside price and funding rates. On its own, a rise or fall in open interest doesn’t tell you whether the market is bullish or bearish.
Indicators aren’t always accurate, so don’t skip risk management: deciding in advance what to do if you’re wrong is more important than guessing right.
#STRK
Just my personal opinion—don’t take it too seriously.