$TRUTH Open interest in 1-hour contracts rose 9.87%, with the value of positions at approximately $6.08 million; over the same period, the price fell 1.3%.
Let's use this data to talk about open interest.
Open interest is generally calculated separately for each trading pair. Here, we're looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A rising price with rising open interest is often seen as new long positions entering the market, while a falling price with rising open interest is often seen as shorts entering the market.
All indicators merely summarize past market movements; the market can move in the opposite direction at any time.
#TRUTH
Let's use this data to talk about open interest.
Open interest is generally calculated separately for each trading pair. Here, we're looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A rising price with rising open interest is often seen as new long positions entering the market, while a falling price with rising open interest is often seen as shorts entering the market.
All indicators merely summarize past market movements; the market can move in the opposite direction at any time.
#TRUTH