$RLC 1-hour contract open interest rose 5.33%, with an open interest value of about $13.68 million; the price rose 5.39% over the same period.
A newbie’s burning question: What does open interest actually mean?
Open interest value is the number of contracts held multiplied by the price. When the price rises, the value rises too; comparing the number of coins gives a clearer picture of whether positions are actually being added.
Open interest moved, but my position is still 0. I’m just watching from the sidelines.
Understanding this indicator helps you avoid being misled by the numbers; it’s not meant to predict price movements precisely.
#RLC
This is for informational purposes only and does not constitute investment advice.
A newbie’s burning question: What does open interest actually mean?
Open interest value is the number of contracts held multiplied by the price. When the price rises, the value rises too; comparing the number of coins gives a clearer picture of whether positions are actually being added.
Open interest moved, but my position is still 0. I’m just watching from the sidelines.
Understanding this indicator helps you avoid being misled by the numbers; it’s not meant to predict price movements precisely.
#RLC
This is for informational purposes only and does not constitute investment advice.