$KAIA 1-hour contract open interest rose 13.3%; the price increased 1.03% over the same period.
A beginner’s burning question: What is open interest?
An increase in open interest means new positions have been opened; a decrease means positions have been closed, either voluntarily or through liquidation.
A new high in open interest is neither inherently bullish nor bearish. It simply means more capital is in play and the battle between bulls and bears has intensified.
Comparing multiple data points is more reliable than looking at just one, but even more indicators can’t provide a definitive conclusion.
#KAIA
Whether to buy is up to you; I’m just sharing.
A beginner’s burning question: What is open interest?
An increase in open interest means new positions have been opened; a decrease means positions have been closed, either voluntarily or through liquidation.
A new high in open interest is neither inherently bullish nor bearish. It simply means more capital is in play and the battle between bulls and bears has intensified.
Comparing multiple data points is more reliable than looking at just one, but even more indicators can’t provide a definitive conclusion.
#KAIA
Whether to buy is up to you; I’m just sharing.