Does record-high open interest mean money is flowing in?
The larger the open interest, the more positions may be liquidated or stopped out when the market moves sharply. That’s why open interest is often used as a gauge of how crowded leveraged positions are.
Open interest for Binance USDT-margined perpetual contracts is tracked separately for each trading pair. Data from a single platform does not represent total open interest across the entire market.
When I first got into crypto, I thought knowing how to read candlestick charts was enough. It turns out that mastering the basics is the first lesson.
If you don’t understand something, steer clear of it. Start by practicing with small amounts.
$BTC 83371.66（+0.14%）
#BTC
The larger the open interest, the more positions may be liquidated or stopped out when the market moves sharply. That’s why open interest is often used as a gauge of how crowded leveraged positions are.
Open interest for Binance USDT-margined perpetual contracts is tracked separately for each trading pair. Data from a single platform does not represent total open interest across the entire market.
When I first got into crypto, I thought knowing how to read candlestick charts was enough. It turns out that mastering the basics is the first lesson.
If you don’t understand something, steer clear of it. Start by practicing with small amounts.
$BTC 83371.66（+0.14%）
#BTC