$OP 15-minute contract open interest increased by 3.02%; the price rose 0.67% over the same period.
Let’s use this figure to talk about open interest.
Contract open interest reflects the combined demand for leverage and hedging. Some positions are held solely to hedge spot exposure.
It’s best to look at open interest alongside price and funding rates. Changes in open interest alone don’t reveal market direction.
Comparing several data points is more reliable than looking at just one, but even multiple signals can’t provide a definitive conclusion.
This is just my personal opinion—not a basis for trading.
Let’s use this figure to talk about open interest.
Contract open interest reflects the combined demand for leverage and hedging. Some positions are held solely to hedge spot exposure.
It’s best to look at open interest alongside price and funding rates. Changes in open interest alone don’t reveal market direction.
Comparing several data points is more reliable than looking at just one, but even multiple signals can’t provide a definitive conclusion.
This is just my personal opinion—not a basis for trading.