Data: $EPIC ｜15-minute open interest +40.67%｜price -8.41%
Explanation: When both buyers and sellers open new positions, open interest increases; when both sides close positions, it decreases; when one side opens a position and the other closes one, open interest stays the same.
How to interpret it: Open interest varies greatly between different coins. It’s not unusual for a small-cap coin’s open interest to fluctuate sharply over an hour or two, while a move of the same magnitude in a major coin is much rarer.
Don’t change your strategy based on a single indicator, and never use borrowed money to test a theory.
Explanation: When both buyers and sellers open new positions, open interest increases; when both sides close positions, it decreases; when one side opens a position and the other closes one, open interest stays the same.
How to interpret it: Open interest varies greatly between different coins. It’s not unusual for a small-cap coin’s open interest to fluctuate sharply over an hour or two, while a move of the same magnitude in a major coin is much rarer.
Don’t change your strategy based on a single indicator, and never use borrowed money to test a theory.