$W 15-minute contract open interest increased by 136.18%, with an open interest value of approximately $2.66 million; during the same period, the price was -0.49%.
Let's use this figure to break down open interest.
Open interest value equals the number of contracts held ร price, so it also increases when the price rises. Looking at the number of coins gives a clearer picture of whether positions are actually being added.
When the price is mostly flat while open interest rises sharply, it means both sides are increasing their positions. The likelihood of a significant move afterward is often higher, but its direction is hard to predict.
Reading indicators is easy; the hard part is sticking to your plan when emotions are running high.
#W
This is a compilation of publicly available information. Please refer to the original text.
Let's use this figure to break down open interest.
Open interest value equals the number of contracts held ร price, so it also increases when the price rises. Looking at the number of coins gives a clearer picture of whether positions are actually being added.
When the price is mostly flat while open interest rises sharply, it means both sides are increasing their positions. The likelihood of a significant move afterward is often higher, but its direction is hard to predict.
Reading indicators is easy; the hard part is sticking to your plan when emotions are running high.
#W
This is a compilation of publicly available information. Please refer to the original text.