🐋 $S 1-hour futures open interest rose 19.16%, with its value at around $13.08 million; price was up 12.41% over the same period.
Are funds flowing into futures or pulling out? Start by looking at open interest—but make sure you read the figure correctly.
Open interest (OI) is the total amount of contracts that have not yet been closed. It measures the number of open positions, not trading volume.
Rising prices alongside rising open interest are often seen as a sign that longs are actively entering the market; falling prices alongside rising open interest are often seen as a sign that new shorts are actively entering.
Don’t change your strategy based on a single indicator, and don’t gamble borrowed money on a prediction.
#S
Are funds flowing into futures or pulling out? Start by looking at open interest—but make sure you read the figure correctly.
Open interest (OI) is the total amount of contracts that have not yet been closed. It measures the number of open positions, not trading volume.
Rising prices alongside rising open interest are often seen as a sign that longs are actively entering the market; falling prices alongside rising open interest are often seen as a sign that new shorts are actively entering.
Don’t change your strategy based on a single indicator, and don’t gamble borrowed money on a prediction.
#S