$CYBER 1 Hourly contract open interest increased by 15%; price rose 3.57% over the same period.
Let’s break down this number.
Every new position necessarily involves someone going long and someone going short, so the idea that “a big increase in open interest means the market is bullish” is a common misconception.
Rising prices alongside rising open interest are often seen as longs actively entering the market; falling prices alongside rising open interest are often seen as shorts actively entering the market.
All indicators simply summarize past market movements, and the market can move in the opposite direction at any time.
#CYBER
For record-keeping only; not trading advice.
Let’s break down this number.
Every new position necessarily involves someone going long and someone going short, so the idea that “a big increase in open interest means the market is bullish” is a common misconception.
Rising prices alongside rising open interest are often seen as longs actively entering the market; falling prices alongside rising open interest are often seen as shorts actively entering the market.
All indicators simply summarize past market movements, and the market can move in the opposite direction at any time.
#CYBER
For record-keeping only; not trading advice.