Everyone, this is something you really need to understand: open interest!
Open interest (OI) measures the total number of contracts currently open for a particular contract. It’s different from how much has been traded over a period of time.
An increase in open interest only means that more positions have been opened in the contract. It doesn’t tell you whether the bulls or bears are stronger, because every new position has both a long and a short.
Here’s a real-time reference: $BTC , current price 82943.69 (24h -0.22%).
Save this and take a closer look later 👇
Open interest (OI) measures the total number of contracts currently open for a particular contract. It’s different from how much has been traded over a period of time.
An increase in open interest only means that more positions have been opened in the contract. It doesn’t tell you whether the bulls or bears are stronger, because every new position has both a long and a short.
Here’s a real-time reference: $BTC , current price 82943.69 (24h -0.22%).
Save this and take a closer look later 👇