$US 1-hour contract open interest increased by 59.53%; the price rose 0.95% over the same period.
A beginner’s burning question: What is open interest?
Open interest is usually tracked separately for each trading pair. Here, it refers to positions in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Rising prices alongside rising open interest are often seen as a sign that new long positions are entering the market, while falling prices alongside rising open interest are often seen as a sign that new short positions are entering the market.
Indicators can fail, so never skip your stop-loss: deciding in advance what you’ll do if your view is wrong matters more than guessing correctly.
A beginner’s burning question: What is open interest?
Open interest is usually tracked separately for each trading pair. Here, it refers to positions in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
Rising prices alongside rising open interest are often seen as a sign that new long positions are entering the market, while falling prices alongside rising open interest are often seen as a sign that new short positions are entering the market.
Indicators can fail, so never skip your stop-loss: deciding in advance what you’ll do if your view is wrong matters more than guessing correctly.