🐋 $MAGIC 15-minute futures open interest increased by 6.78%, with an open interest value of approximately $13.08 million; the price rose 8.9% over the same period.
To see whether funds are flowing into or out of futures, the most direct indicator is open interest—but you need to understand what the figure means.
Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the entire market, the number of long positions always equals the number of short positions.
This tracks changes in the number of coins held in open positions. Price movements alone do not change this figure, so it really does reflect the opening and closing of positions.
Sizing positions based on where you place your stop-loss is much more reliable than just guessing.
#MAGIC
To see whether funds are flowing into or out of futures, the most direct indicator is open interest—but you need to understand what the figure means.
Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the entire market, the number of long positions always equals the number of short positions.
This tracks changes in the number of coins held in open positions. Price movements alone do not change this figure, so it really does reflect the opening and closing of positions.
Sizing positions based on where you place your stop-loss is much more reliable than just guessing.
#MAGIC