🐋 $NIL 1-hour contract open interest rose 11.52%, with its value at around $3.47 million; the price was up 3.07% over the same period.
The most direct way to see whether leveraged money is entering the market is to look at open interest—but you need to understand what the figure means.
Every new position necessarily has both a long and a short side, so the idea that “rising open interest means bullish” is a common misconception.
Sizing your position based on where you place your stop-loss is far more reliable than trading on gut instinct.
The most direct way to see whether leveraged money is entering the market is to look at open interest—but you need to understand what the figure means.
Every new position necessarily has both a long and a short side, so the idea that “rising open interest means bullish” is a common misconception.
Sizing your position based on where you place your stop-loss is far more reliable than trading on gut instinct.