📐 Latest data: $BLUAI ｜15-minute open interest +12.36%｜Price +23.34%
· What it means: Open interest is usually reported separately for each contract. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the market-wide total.
· How to read it: With the price mostly flat while open interest has risen sharply, both bulls and bears are placing bets. A bigger move may therefore be more likely, though its direction is unclear.
Work out your position size based on your stop-loss distance—it’s much more reliable than going by gut feeling.
Just my personal take—don’t take it too seriously.
· What it means: Open interest is usually reported separately for each contract. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the market-wide total.
· How to read it: With the price mostly flat while open interest has risen sharply, both bulls and bears are placing bets. A bigger move may therefore be more likely, though its direction is unclear.
Work out your position size based on your stop-loss distance—it’s much more reliable than going by gut feeling.
Just my personal take—don’t take it too seriously.