A note: $FIL 15-minute contract open interest rose 4.5%; the price rose 3.45% over the same period.
People often ask how to interpret open interest, so here’s my take.
Every newly opened position necessarily has both a long and a short side, so “an increase in open interest means bullish” is a classic misconception.
This tracks changes in the number of coins held in open positions. Price fluctuations themselves don’t change that figure, so it reflects actual position-opening and -closing activity.
All data only summarizes past market movements; the market can absolutely move in the opposite direction.
#FIL
The data comes from public sources; please verify it yourself.
People often ask how to interpret open interest, so here’s my take.
Every newly opened position necessarily has both a long and a short side, so “an increase in open interest means bullish” is a classic misconception.
This tracks changes in the number of coins held in open positions. Price fluctuations themselves don’t change that figure, so it reflects actual position-opening and -closing activity.
All data only summarizes past market movements; the market can absolutely move in the opposite direction.
#FIL
The data comes from public sources; please verify it yourself.