💡 Open interest surged 18.6% in $PYTH 1 hours 👀
Take a couple of seconds to understand open interest before jumping to conclusions 👇
Open interest in futures combines speculative and hedging demand. Some positions are held simply to hedge spot exposure.
This tracks changes in the number of coins in open positions. Price movements alone don't change that figure, so it reflects actual opening and closing of positions.
Keep extra margin in leveraged positions, so one sudden swing doesn't wipe you out.
Take a couple of seconds to understand open interest before jumping to conclusions 👇
Open interest in futures combines speculative and hedging demand. Some positions are held simply to hedge spot exposure.
This tracks changes in the number of coins in open positions. Price movements alone don't change that figure, so it reflects actual opening and closing of positions.
Keep extra margin in leveraged positions, so one sudden swing doesn't wipe you out.