$ENA 1-hour contract open interest rose 5.06%; the price was up 0.8% over the same period.
A newbie’s burning question: What does open interest actually tell us?
Open interest represents the total size of all contract positions. The higher it is, the more positions could be liquidated when prices move sharply.
Open interest moved, but my position is still zero—I’m just watching from the sidelines.
Extreme readings often signal more dramatic swings. At times like these, you should reduce leverage rather than add to your position.
A newbie’s burning question: What does open interest actually tell us?
Open interest represents the total size of all contract positions. The higher it is, the more positions could be liquidated when prices move sharply.
Open interest moved, but my position is still zero—I’m just watching from the sidelines.
Extreme readings often signal more dramatic swings. At times like these, you should reduce leverage rather than add to your position.