Indicator Notes｜$BTW ｜15-minute open interest +477.63%｜Price -2.27%
Definition: Every new position added necessarily has both a long and a short side, so “an increase in open interest means bullishness” is a common misconception.
How to read it: It’s best to look at open interest alongside price and funding rates. Changes in open interest alone make it difficult to determine whether the market is bullish or bearish.
Don’t let a single number disrupt your original strategy, and don’t use borrowed money to test a theory.
Definition: Every new position added necessarily has both a long and a short side, so “an increase in open interest means bullishness” is a common misconception.
How to read it: It’s best to look at open interest alongside price and funding rates. Changes in open interest alone make it difficult to determine whether the market is bullish or bearish.
Don’t let a single number disrupt your original strategy, and don’t use borrowed money to test a theory.