The market’s serving up today’s comedy: open interest in $BERA 1-hour contracts rose 16.55%, with the value of positions at about $2.24 million; meanwhile, the price fell 1.89%.
Open interest changed, but my position is still 0. I’m just auditing the class.
On a more serious note, position value = number of contracts × price. When the price rises, the value of positions rises too; comparing the number of coins gives a clearer picture of whether positions are actually being increased.
Extreme readings usually mean bigger swings. That’s when you should reduce leverage, not place a big bet.
#BERA
This is not investment advice of any kind. You are responsible for your own gains and losses.
Open interest changed, but my position is still 0. I’m just auditing the class.
On a more serious note, position value = number of contracts × price. When the price rises, the value of positions rises too; comparing the number of coins gives a clearer picture of whether positions are actually being increased.
Extreme readings usually mean bigger swings. That’s when you should reduce leverage, not place a big bet.
#BERA
This is not investment advice of any kind. You are responsible for your own gains and losses.