Metric Notes | $WAL | 15-minute open interest +6.05% | Price +4.34%
First, the definition: position value equals the number of coins held × price. When the price rises, the position value increases accordingly. Comparing the number of coins held is the way to tell whether new positions have actually been opened.
Next, how to read it: a new high in open interest is neither bullish nor bearish in itself; it simply means more capital is committed and disagreement between the two sides is greater.
All data describes past price movements. The market can certainly move in the opposite direction.
#WAL
First, the definition: position value equals the number of coins held × price. When the price rises, the position value increases accordingly. Comparing the number of coins held is the way to tell whether new positions have actually been opened.
Next, how to read it: a new high in open interest is neither bullish nor bearish in itself; it simply means more capital is committed and disagreement between the two sides is greater.
All data describes past price movements. The market can certainly move in the opposite direction.
#WAL