Over this 1-hour period, the open interest of $ARC increased by 155.37%, while the price rose by 2.28%.
In any case, when open interest and price both rise, it generally means more new long positions are being opened.
An increase in open interest means new positions are being opened, while a decrease means positions are being closed. But this alone doesn't tell us whether they're long or short positions.
In any case, when open interest and price both rise, it generally means more new long positions are being opened.
An increase in open interest means new positions are being opened, while a decrease means positions are being closed. But this alone doesn't tell us whether they're long or short positions.