Everyone, this is something you really need to understand: open interest!
Every open contract has one long and one short, so the total number of long positions and short positions in the market is always equal.
An increase in open interest only means that the number of positions in contracts has grown. It doesn’t tell you whether bulls or bears have the upper hand, because every new position has both a long and a short.
For reference, here’s the market: $BTC Current price: 82759 (24h -0.42%).
Save this and take your time reading 👇
#BTC
Every open contract has one long and one short, so the total number of long positions and short positions in the market is always equal.
An increase in open interest only means that the number of positions in contracts has grown. It doesn’t tell you whether bulls or bears have the upper hand, because every new position has both a long and a short.
For reference, here’s the market: $BTC Current price: 82759 (24h -0.42%).
Save this and take your time reading 👇
#BTC