📎 Quick snapshot: $SKL ｜15-minute open interest +23.76%｜Price +6.14%
· Meaning: Futures open interest represents the sum of speculative and hedging demand; some positions are simply used to hedge spot risk.
· Interpretation: A new high in open interest is not inherently bullish or bearish; it only shows that more money is being bet, and the disagreement between longs and shorts is intensifying.
Don't change your pace because of just one indicator, and don't use borrowed money to test a single reading.
#SKL
· Meaning: Futures open interest represents the sum of speculative and hedging demand; some positions are simply used to hedge spot risk.
· Interpretation: A new high in open interest is not inherently bullish or bearish; it only shows that more money is being bet, and the disagreement between longs and shorts is intensifying.
Don't change your pace because of just one indicator, and don't use borrowed money to test a single reading.
#SKL