Indicator notes | $FIL | 15-minute open interest +28.49% | Price +0.09%
First, a quick definition: open interest and trading volume are two different things. Trading volume shows how much has changed hands over a period of time, while open interest shows how many positions are still open at a given moment.
How to read it: A rapid change in open interest over a short period means that people are opening or closing positions in large numbers, and volatility often increases afterward.
Understanding this indicator helps you avoid being spooked by the numbers—not predict whether prices will rise or fall.
Crypto assets are highly volatile, so keep your positions modest.
First, a quick definition: open interest and trading volume are two different things. Trading volume shows how much has changed hands over a period of time, while open interest shows how many positions are still open at a given moment.
How to read it: A rapid change in open interest over a short period means that people are opening or closing positions in large numbers, and volatility often increases afterward.
Understanding this indicator helps you avoid being spooked by the numbers—not predict whether prices will rise or fall.
Crypto assets are highly volatile, so keep your positions modest.