$ICNT ｜15-minute open interest +5.02%｜Price +3.13%
Before discussing funding, first understand open interest.
Open interest is generally tracked separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
It’s best to look at open interest alongside price and the funding rate; changes in open interest alone make it hard to tell which way the market is headed.
Learning to read indicators is easy. The hard part is sticking to your plan when the market gets really heated.
Before discussing funding, first understand open interest.
Open interest is generally tracked separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
It’s best to look at open interest alongside price and the funding rate; changes in open interest alone make it hard to tell which way the market is headed.
Learning to read indicators is easy. The hard part is sticking to your plan when the market gets really heated.