$GTC 15-minute contract open interest rose 29.4%; price rose 78.44% over the same period.
Let’s use this figure to talk about open interest.
Open interest is usually tracked separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
If open interest rises but spot trading volume doesn’t keep pace, the market may be driven mainly by leverage. Moves like this can come quickly—and reverse just as quickly.
Learning to read indicators isn’t difficult. The hard part is sticking to your rules when the market is at its most exciting.
#GTC
Let’s use this figure to talk about open interest.
Open interest is usually tracked separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
If open interest rises but spot trading volume doesn’t keep pace, the market may be driven mainly by leverage. Moves like this can come quickly—and reverse just as quickly.
Learning to read indicators isn’t difficult. The hard part is sticking to your rules when the market is at its most exciting.
#GTC