🧭 Open interest in $CAP 15-minute contracts increased by 6.34%, with an open interest value of approximately $23.24 million; the price rose 8.73% over the same period.
[Glossary] What is open interest?
When both buyers and sellers open new positions, open interest increases; when both close positions, it decreases. If one side opens a position while the other closes one, open interest remains unchanged.
Rising prices alongside rising open interest are often seen as a sign of longs entering aggressively, while falling prices alongside rising open interest are often seen as a sign of new shorts entering aggressively.
Cross-checking multiple indicators is more reliable than looking at just one, but no number of signals can provide a definitive answer.
#CAP
[Glossary] What is open interest?
When both buyers and sellers open new positions, open interest increases; when both close positions, it decreases. If one side opens a position while the other closes one, open interest remains unchanged.
Rising prices alongside rising open interest are often seen as a sign of longs entering aggressively, while falling prices alongside rising open interest are often seen as a sign of new shorts entering aggressively.
Cross-checking multiple indicators is more reliable than looking at just one, but no number of signals can provide a definitive answer.
#CAP