The market-watching mini-show is on: open interest in $ZK 1-hour contracts rose 27.49%, with the value of open positions at about $10.57 million; prices rose 18.83% over the same period.
Open interest changed, but my position is still zero—I’m just watching from the sidelines.
A quick explanation: rising open interest means new positions are entering the market; falling open interest means positions are being closed, either voluntarily or through forced liquidation.
Understanding this indicator helps you avoid being spooked by a single number; it’s not for predicting whether prices will rise or fall.
Open interest changed, but my position is still zero—I’m just watching from the sidelines.
A quick explanation: rising open interest means new positions are entering the market; falling open interest means positions are being closed, either voluntarily or through forced liquidation.
Understanding this indicator helps you avoid being spooked by a single number; it’s not for predicting whether prices will rise or fall.