$WAL 15-minute contract open interest increased by 74.12%; the price rose by 0.91% over the same period.
Let’s use this figure to talk about open interest.
Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the entire market, the number of long positions always equals the number of short positions.
If open interest rises but spot buying doesn’t keep pace, the rally may be relying mainly on leverage. Moves like this can rise fast and fall just as fast.
Don’t change your plan based on a single number, and don’t gamble borrowed money on a prediction.
#WAL
Let’s use this figure to talk about open interest.
Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the entire market, the number of long positions always equals the number of short positions.
If open interest rises but spot buying doesn’t keep pace, the rally may be relying mainly on leverage. Moves like this can rise fast and fall just as fast.
Don’t change your plan based on a single number, and don’t gamble borrowed money on a prediction.
#WAL