$FARTCOIN 15-minute contract open interest rose 29.8%, with an open interest value of approximately $18.41 million; meanwhile, the price was down 0.34%.
Guys, what is open interest? Here's the quick version:
Open interest represents the overall size of outstanding contract positions. The higher it is, the more positions could potentially be liquidated if prices move sharply.
A rising price with falling open interest is generally interpreted as short positions closing out, while a falling price with falling open interest is often seen as long positions closing out. These are rules of thumb, not definitive conclusions.
The same figures can mean very different things in different market conditions, so don't blindly apply a single rule.
#FARTCOIN
Guys, what is open interest? Here's the quick version:
Open interest represents the overall size of outstanding contract positions. The higher it is, the more positions could potentially be liquidated if prices move sharply.
A rising price with falling open interest is generally interpreted as short positions closing out, while a falling price with falling open interest is often seen as long positions closing out. These are rules of thumb, not definitive conclusions.
The same figures can mean very different things in different market conditions, so don't blindly apply a single rule.
#FARTCOIN