$BAT 1-hour contract open interest rose 11.39%, with the value of open positions at about $13.32 million; the price increased 12.03% over the same period.
Let’s use this data to talk about open interest.
An increase in open interest means new positions are being opened; a decrease means positions are being closed, either voluntarily or through liquidation.
Open interest should be viewed alongside price and funding rates. Looking at changes in open interest alone doesn’t reveal market direction.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#BAT
Let’s use this data to talk about open interest.
An increase in open interest means new positions are being opened; a decrease means positions are being closed, either voluntarily or through liquidation.
Open interest should be viewed alongside price and funding rates. Looking at changes in open interest alone doesn’t reveal market direction.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#BAT