$PIXEL ｜1-hour open interest +13.79%｜Price +7.63%
Before looking at fund flows, first understand open interest.
Open interest is generally tracked separately for each trading pair. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Rising prices with falling open interest are often interpreted as short positions closing, while falling prices with falling open interest are generally understood as long positions closing. These are rule-of-thumb interpretations, not definitive conclusions.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce your position rather than make a big bet.
#PIXEL
For reference only; not investment advice.
Before looking at fund flows, first understand open interest.
Open interest is generally tracked separately for each trading pair. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Rising prices with falling open interest are often interpreted as short positions closing, while falling prices with falling open interest are generally understood as long positions closing. These are rule-of-thumb interpretations, not definitive conclusions.
Extreme readings are usually accompanied by greater volatility. At times like these, it’s better to reduce your position rather than make a big bet.
#PIXEL
For reference only; not investment advice.