Indicator Notes｜$CAP ｜1-hour open interest +13.75%｜Price +22.36%
Definition: Open interest is generally calculated separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
Common interpretation: When the price is mostly flat but open interest rises sharply, it means both longs and shorts are increasing their positions. A larger price swing is usually more likely afterward, though the direction is uncertain.
Avoid placing orders during the few minutes when volatility is at its highest. Wait for the price movement to play out before taking another look.
#CAP
Definition: Open interest is generally calculated separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
Common interpretation: When the price is mostly flat but open interest rises sharply, it means both longs and shorts are increasing their positions. A larger price swing is usually more likely afterward, though the direction is uncertain.
Avoid placing orders during the few minutes when volatility is at its highest. Wait for the price movement to play out before taking another look.
#CAP