🐋 Open interest in $CAKE 15-minute contracts rose 7.08%, with a position value of about $12.84 million; the price rose 2.54% over the same period.
The most direct way to tell whether leveraged money is entering the market is to look at open interest—but you need to know how to interpret it.
Rising open interest means new positions are being opened; falling open interest means positions are being closed, whether voluntarily or through liquidation.
Open interest baselines vary widely between coins. It’s not unusual for smaller coins to see big swings over an hour or two, while moves of the same magnitude are much rarer for top coins.
Don’t throw your plan off based on a single number, and certainly don’t gamble borrowed money on a reading.
#CAKE
The most direct way to tell whether leveraged money is entering the market is to look at open interest—but you need to know how to interpret it.
Rising open interest means new positions are being opened; falling open interest means positions are being closed, whether voluntarily or through liquidation.
Open interest baselines vary widely between coins. It’s not unusual for smaller coins to see big swings over an hour or two, while moves of the same magnitude are much rarer for top coins.
Don’t throw your plan off based on a single number, and certainly don’t gamble borrowed money on a reading.
#CAKE