K-lines are cracking jokes again: $ZEC 15-minute contract open interest rose 4.62%, with an open interest value of about $536 million; meanwhile, the price was up 0.54%.
Open interest moved, but my position is still 0—I’m just watching from the sidelines.
A quick serious explainer: every increase in open interest necessarily means someone is going long and someone else is going short, so “a big jump in open interest means the market is bullish” is a common misconception.
It’s more reliable to cross-check several data points than to look at just one, but even more indicators can’t give you a definite answer.
Not a trading signal.
Open interest moved, but my position is still 0—I’m just watching from the sidelines.
A quick serious explainer: every increase in open interest necessarily means someone is going long and someone else is going short, so “a big jump in open interest means the market is bullish” is a common misconception.
It’s more reliable to cross-check several data points than to look at just one, but even more indicators can’t give you a definite answer.
Not a trading signal.