Futures Trading | What Is Open Interest (OI)?
When comparing changes in open interest, it’s more accurate to use the number of coins: the value of open interest in USDT changes with the price.
An increase in open interest only means that more positions have been opened in futures contracts. It doesn’t show whether longs or shorts are stronger, since every new position has both a long and a short side.
The coin mentioned in the article: $BTC is trading at 83504.81 (+0.57% in 24h).
When trading futures, think about your stop-loss before thinking about how much you could earn.
#BTC
When comparing changes in open interest, it’s more accurate to use the number of coins: the value of open interest in USDT changes with the price.
An increase in open interest only means that more positions have been opened in futures contracts. It doesn’t show whether longs or shorts are stronger, since every new position has both a long and a short side.
The coin mentioned in the article: $BTC is trading at 83504.81 (+0.57% in 24h).
When trading futures, think about your stop-loss before thinking about how much you could earn.
#BTC