Market Notes｜$WAL ｜15-minute position: +19.81%｜Price: +8.7%
First, a definition: Open interest represents the overall size of positions in contracts. The higher the open interest, the more positions may be liquidated if prices make a sharp move.
A common way to read it: If open interest rises while spot trading volume doesn’t keep pace, the market may be more reliant on leverage—and such moves can come and go quickly.
Indicators can be inaccurate, but stop-losses shouldn’t be optional: Think first about what you’ll do if your assessment is wrong. That matters more than whether your prediction is right.
#WAL
First, a definition: Open interest represents the overall size of positions in contracts. The higher the open interest, the more positions may be liquidated if prices make a sharp move.
A common way to read it: If open interest rises while spot trading volume doesn’t keep pace, the market may be more reliant on leverage—and such moves can come and go quickly.
Indicators can be inaccurate, but stop-losses shouldn’t be optional: Think first about what you’ll do if your assessment is wrong. That matters more than whether your prediction is right.
#WAL