$ZEREBRO 1-hourly contract open interest increased by 20.29%, with an open interest value of approximately $32.26 million; the price rose 0.69% over the same period.
Let’s talk about what’s behind this figure.
Open interest and trading volume are two different metrics: trading volume shows how much was traded over a period, while open interest shows how many positions are still open at a given moment.
A sharp drop in open interest often follows intense volatility, indicating that a lot of leverage has been wiped out. Sentiment may then cool off.
Indicators can be inaccurate, so always use stop-losses: thinking through what you’ll do if your assessment is wrong is more important than predicting correctly.
#ZEREBRO
Let’s talk about what’s behind this figure.
Open interest and trading volume are two different metrics: trading volume shows how much was traded over a period, while open interest shows how many positions are still open at a given moment.
A sharp drop in open interest often follows intense volatility, indicating that a lot of leverage has been wiped out. Sentiment may then cool off.
Indicators can be inaccurate, so always use stop-losses: thinking through what you’ll do if your assessment is wrong is more important than predicting correctly.
#ZEREBRO