Technical note｜$ICNT ｜15-minute open interest +4.25%｜Price +4.13%
Definition: Rising open interest means new positions are being opened; a decrease means positions are being closed, whether voluntarily or through forced liquidation.
How to read it: Rising prices and rising open interest are often interpreted as longs actively entering the market, while falling prices and rising open interest are often interpreted as new shorts actively entering.
Don’t change your plan because of a single indicator, and don’t use borrowed money to test a thesis.
Definition: Rising open interest means new positions are being opened; a decrease means positions are being closed, whether voluntarily or through forced liquidation.
How to read it: Rising prices and rising open interest are often interpreted as longs actively entering the market, while falling prices and rising open interest are often interpreted as new shorts actively entering.
Don’t change your plan because of a single indicator, and don’t use borrowed money to test a thesis.