Market Notes | $BILL | 1-hour open interest +53.22% | Price +0%
First, a definition: Rising open interest means new positions are being opened; falling open interest means positions are being closed, either voluntarily or through liquidation.
A common interpretation: If the price barely moves while open interest rises significantly, it means both bulls and bears are placing bets. A larger price swing is usually more likely to follow, though its direction is hard to predict.
Leave plenty of room when trading futures, and don’t let a single wick wipe out your position.
First, a definition: Rising open interest means new positions are being opened; falling open interest means positions are being closed, either voluntarily or through liquidation.
A common interpretation: If the price barely moves while open interest rises significantly, it means both bulls and bears are placing bets. A larger price swing is usually more likely to follow, though its direction is hard to predict.
Leave plenty of room when trading futures, and don’t let a single wick wipe out your position.