A quick note: $RSR 1-hour futures open interest increased by 9.09%; the price rose 0.32% over the same period.
People often ask what open interest means. Here’s how I understand it.
Open interest is generally calculated separately for each trading pair. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Open interest should be considered alongside price and funding rates; looking only at changes in open interest makes it hard to tell the direction.
Sizing your position based on where you place your stop-loss is much more reliable than choosing a size by feel.
#RSR
People often ask what open interest means. Here’s how I understand it.
Open interest is generally calculated separately for each trading pair. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Open interest should be considered alongside price and funding rates; looking only at changes in open interest makes it hard to tell the direction.
Sizing your position based on where you place your stop-loss is much more reliable than choosing a size by feel.
#RSR