$SIREN 1-hour contract open interest rose 78.73%; the price gained 6.51% over the same period.
How is this number calculated?
Open interest isn’t a measure of fund flows: an increase in open interest only means there are more open positions in the contracts. It can’t tell you where the money came from or whether positions are bullish or bearish.
Any indicator summarizes past market action, and prices can absolutely move in the opposite direction.
How is this number calculated?
Open interest isn’t a measure of fund flows: an increase in open interest only means there are more open positions in the contracts. It can’t tell you where the money came from or whether positions are bullish or bearish.
Any indicator summarizes past market action, and prices can absolutely move in the opposite direction.