$ACE ｜15-minute position +132%｜Price -0.14%
Before looking at positions, first understand open interest.
Open interest in contracts reflects the combined demand for speculation and hedging. Some positions are held solely to hedge spot exposure.
This shows changes in the number of coins held in open positions. Price movements alone don’t change that number, so it reflects actual position opening and closing activity.
Don’t change your strategy based on a single number, and don’t use borrowed funds to test a reading.
Before looking at positions, first understand open interest.
Open interest in contracts reflects the combined demand for speculation and hedging. Some positions are held solely to hedge spot exposure.
This shows changes in the number of coins held in open positions. Price movements alone don’t change that number, so it reflects actual position opening and closing activity.
Don’t change your strategy based on a single number, and don’t use borrowed funds to test a reading.