Crypto market skit, latest episode: $CTK 15-minute contract open interest rose 13.03%, with an open interest value of about $2.28 million; price rose 5.77% over the same period.
Open interest moved, but my position is still at zero—I’m just watching from the sidelines.
Seriously, open interest (OI) is the total number of outstanding contracts in the market. It measures the number of contracts, not trading volume.
Comparing several data points is more reliable than looking at just one, but even a whole range of indicators can’t provide a definitive answer.
#CTK
Open interest moved, but my position is still at zero—I’m just watching from the sidelines.
Seriously, open interest (OI) is the total number of outstanding contracts in the market. It measures the number of contracts, not trading volume.
Comparing several data points is more reliable than looking at just one, but even a whole range of indicators can’t provide a definitive answer.
#CTK