🔍 Data: $Q ｜15-minute open interest +20.14%｜Price +1.77%
· What it means: Every new position necessarily has both a long and a short side, so “rising open interest means bullish” is a common misconception.
· How to read it: Open interest varies greatly across different coins. It’s not unusual for smaller coins’ open interest to swing by tens of percent in a short time, while swings of the same magnitude are much rarer for top coins.
Before using leverage, first consider whether you can withstand the worst-case scenario, then look at what the signal is telling you.
#Q
· What it means: Every new position necessarily has both a long and a short side, so “rising open interest means bullish” is a common misconception.
· How to read it: Open interest varies greatly across different coins. It’s not unusual for smaller coins’ open interest to swing by tens of percent in a short time, while swings of the same magnitude are much rarer for top coins.
Before using leverage, first consider whether you can withstand the worst-case scenario, then look at what the signal is telling you.
#Q