$C98 15-minute contract open interest rose 6.93%, with the value of open interest at approximately $2.92 million; during the same period, the price rose 3.67%.
While we're on the subject, let's talk about open interest.
Every new position necessarily has both a long and a short side, so the idea that “a sharp increase in open interest means the market is bullish” is a common misconception.
The higher open interest climbs, the more contract capital can amplify price movements. A sudden surge or drop could trigger a cascade of liquidations.
With leveraged trading, first consider whether you can withstand the worst-case scenario, then think about what the signals are telling you.
#C98
This data comes from public sources; be sure to verify it yourself.
While we're on the subject, let's talk about open interest.
Every new position necessarily has both a long and a short side, so the idea that “a sharp increase in open interest means the market is bullish” is a common misconception.
The higher open interest climbs, the more contract capital can amplify price movements. A sudden surge or drop could trigger a cascade of liquidations.
With leveraged trading, first consider whether you can withstand the worst-case scenario, then think about what the signals are telling you.
#C98
This data comes from public sources; be sure to verify it yourself.