I used to look only at price, but eventually got into the habit of checking it alongside open interest. $HYPE is a perfect example:
Looking at price alone, it was up 0.26% over 24 hours, so it seemed like nothing was happening. But when I checked open interest, I saw it had risen 13.19%—there had been a lot going on beneath the surface.
Do you usually keep an eye on open interest?
#HYPE
Looking at price alone, it was up 0.26% over 24 hours, so it seemed like nothing was happening. But when I checked open interest, I saw it had risen 13.19%—there had been a lot going on beneath the surface.
Do you usually keep an eye on open interest?
#HYPE