$ARPA 1-hour futures open interest rose 20.15%, with an open interest value of about $2.6 million; the price rose 10.17% over the same period.
Let’s use this figure to talk about open interest.
Open interest is generally calculated separately for each contract. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A new high in open interest is neither inherently bullish nor bearish; it simply means more positions are on the table and there’s greater disagreement between the two sides.
Extreme readings are usually accompanied by bigger price swings. At times like these, it’s better to reduce leverage rather than add to your position.
#ARPA
Whether to buy is up to you; I’m just keeping a record.
Let’s use this figure to talk about open interest.
Open interest is generally calculated separately for each contract. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A new high in open interest is neither inherently bullish nor bearish; it simply means more positions are on the table and there’s greater disagreement between the two sides.
Extreme readings are usually accompanied by bigger price swings. At times like these, it’s better to reduce leverage rather than add to your position.
#ARPA
Whether to buy is up to you; I’m just keeping a record.