What does Open Interest (OI) mean?
If both the buyer and seller in a trade are opening new positions, open interest rises; if both are closing positions, open interest falls; if one is opening and the other is closing, open interest stays unchanged.
A rise in open interest only means that the number of positions in the contract has increased; it does not show whether bulls or bears are in control, since every new position involves one side going long and the other going short.
Here is the current price: $BTC quoted at 83395.72, 24h +0.27%.
Limiting a single loss to a small portion of your account is more important than finding the best entry point.
#BTC
DYOR, trade within your means.
If both the buyer and seller in a trade are opening new positions, open interest rises; if both are closing positions, open interest falls; if one is opening and the other is closing, open interest stays unchanged.
A rise in open interest only means that the number of positions in the contract has increased; it does not show whether bulls or bears are in control, since every new position involves one side going long and the other going short.
Here is the current price: $BTC quoted at 83395.72, 24h +0.27%.
Limiting a single loss to a small portion of your account is more important than finding the best entry point.
#BTC
DYOR, trade within your means.