$AIOT -minute contract open interest rose 6.75%, with an open interest value of approximately $2.74 million; the price rose 4.38% over the same period.
Let’s break down open interest using this data.
Open interest is usually calculated separately for each trading pair. Here, we’re looking at open interest in Binance’s USDT-margined perpetual contracts, not the combined total across all platforms.
A sharp short-term change in open interest indicates that traders are opening or closing positions in a concentrated burst, which often leads to greater volatility afterward.
All data here simply summarizes price movements that have already occurred; the market could well move in the opposite direction.
#AIOT
When markets are volatile, manage your risk first.
Let’s break down open interest using this data.
Open interest is usually calculated separately for each trading pair. Here, we’re looking at open interest in Binance’s USDT-margined perpetual contracts, not the combined total across all platforms.
A sharp short-term change in open interest indicates that traders are opening or closing positions in a concentrated burst, which often leads to greater volatility afterward.
All data here simply summarizes price movements that have already occurred; the market could well move in the opposite direction.
#AIOT
When markets are volatile, manage your risk first.