$AIOT ｜15-minute open interest +14.13%｜Price +7.93%
What exactly does open interest tell us? Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the entire market, the number of long positions always equals the number of short positions.
This tracks changes in the number of coins held in open positions. Price movements alone won’t change this figure, so it does reflect opening and closing activity.
Comparing several indicators is more reliable than looking at just one, but even more indicators can’t provide a definitive conclusion.
#AIOT
Market conditions change quickly, so don’t rush to conclusions.
What exactly does open interest tell us? Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the entire market, the number of long positions always equals the number of short positions.
This tracks changes in the number of coins held in open positions. Price movements alone won’t change this figure, so it does reflect opening and closing activity.
Comparing several indicators is more reliable than looking at just one, but even more indicators can’t provide a definitive conclusion.
#AIOT
Market conditions change quickly, so don’t rush to conclusions.