📎 Data snapshot: $GTC ｜1-hour open interest +5.55%｜Price +2.16%
· Definition: Contract open interest reflects the combined demand for leverage and hedging; some positions are held simply to hedge spot exposure.
· How to read it: Open interest often drops rapidly after sharp rallies or declines, indicating that some leverage has been flushed out. Short-term volatility may sometimes ease as a result.
Understanding indicators is easy; the hard part is sticking to the rules when emotions are at their most extreme.
#GTC
· Definition: Contract open interest reflects the combined demand for leverage and hedging; some positions are held simply to hedge spot exposure.
· How to read it: Open interest often drops rapidly after sharp rallies or declines, indicating that some leverage has been flushed out. Short-term volatility may sometimes ease as a result.
Understanding indicators is easy; the hard part is sticking to the rules when emotions are at their most extreme.
#GTC