Let's talk about open interest.
When tracking changes in open interest, comparing the number of coins is more accurate: the value of open interest in USDT also changes with the coin's price.
Honestly, I only understood this later: when open interest rises sharply over a short period, volatility often increases afterward. Check your leverage and how far you are from liquidation.
For market context: $BTC is at 83376.01, up 0.4% over 24h.
Understanding the mechanics helps you make informed decisions; it's not about predicting the market.
When tracking changes in open interest, comparing the number of coins is more accurate: the value of open interest in USDT also changes with the coin's price.
Honestly, I only understood this later: when open interest rises sharply over a short period, volatility often increases afterward. Check your leverage and how far you are from liquidation.
For market context: $BTC is at 83376.01, up 0.4% over 24h.
Understanding the mechanics helps you make informed decisions; it's not about predicting the market.