🐋 Contract open interest increased by 3.61% over $PUMP 15 minutes, with the value of open positions at approximately $91.61 million; price fell 3.56% over the same period.
To see most directly whether funds are entering the futures market, look at open interest—but it’s important to understand what this figure means.
Open interest refers to the total number of outstanding contracts in the market. It measures the size of positions, not trading volume.
Open interest is best considered alongside price and funding rates. Changes in open interest alone don’t reveal the market’s direction.
Understanding this indicator helps you avoid being spooked by the numbers; it’s not meant to predict market tops or bottoms.
To see most directly whether funds are entering the futures market, look at open interest—but it’s important to understand what this figure means.
Open interest refers to the total number of outstanding contracts in the market. It measures the size of positions, not trading volume.
Open interest is best considered alongside price and funding rates. Changes in open interest alone don’t reveal the market’s direction.
Understanding this indicator helps you avoid being spooked by the numbers; it’s not meant to predict market tops or bottoms.