$LUMIA 1Hourly futures open interest rose 28.21%; the price increased 52.5% over the same period.
Let’s use this figure to take a closer look at open interest.
Open interest is generally tracked separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A high level of open interest is neither inherently bullish nor bearish; it simply means more capital is being committed and there is greater disagreement between bulls and bears.
The same data can mean very different things in different market conditions, so don’t apply a single rule blindly.
#LUMIA
These are personal notes. Make your own decisions about trading.
Let’s use this figure to take a closer look at open interest.
Open interest is generally tracked separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A high level of open interest is neither inherently bullish nor bearish; it simply means more capital is being committed and there is greater disagreement between bulls and bears.
The same data can mean very different things in different market conditions, so don’t apply a single rule blindly.
#LUMIA
These are personal notes. Make your own decisions about trading.