Don't panic, let me explain: $ZEREBRO 15-minute futures open interest rose by 2.95%, with its value at about $11.98 million; prices rose 7.47% over the same period.
Open interest moved, but mine is still zero—I’m just watching from the sidelines.
Seriously, every increase in open interest means there are both new long and new short positions. So the idea that “rising open interest means the market is bullish” is a classic misconception.
Unusual data often signals more volatility. That’s when you should reduce your leverage, not make a big bet.