Open interest in $AKE 1-hour contracts rose 580.14%; the price rose 3.02% over the same period.
Guys, what is open interest? Here's the short version👇
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.
A rapid change in open interest over a short period means someone is building or exiting positions in large numbers, and volatility often picks up afterward.
Don't let a single indicator throw your plan off, and don't use borrowed money to test a hunch.
Guys, what is open interest? Here's the short version👇
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.
A rapid change in open interest over a short period means someone is building or exiting positions in large numbers, and volatility often picks up afterward.
Don't let a single indicator throw your plan off, and don't use borrowed money to test a hunch.