Indicator Notes｜$WAL ｜1-hour open interest +10.75%｜Price +12.14%
First, a definition: Open interest is generally measured separately for each trading pair. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Next, how to read it: A rapid change in open interest over the short term means that someone is opening or closing positions in large volumes, and the price swings that follow often get bigger.
Don’t chase the market at its fastest-moving moment. Wait for the price movement to play out before deciding.
#WAL
First, a definition: Open interest is generally measured separately for each trading pair. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Next, how to read it: A rapid change in open interest over the short term means that someone is opening or closing positions in large volumes, and the price swings that follow often get bigger.
Don’t chase the market at its fastest-moving moment. Wait for the price movement to play out before deciding.
#WAL