🧭 $OP 15-minute contract open interest increased by 4.18%; the price rose by 0.16% over the same period.
【One-minute explainer】What is open interest?
Open interest and trading volume are two different things: trading volume shows how much has changed hands over a period of time, while open interest shows how many positions are still open at the moment.
Rapid changes in open interest over a short period mean that traders are opening or closing positions in large numbers, and volatility often increases as a result.
Understanding this indicator helps you avoid being alarmed by the numbers; it isn't meant to predict market tops or bottoms.
#OP
This is not investment advice in any form. You assume all risks.
【One-minute explainer】What is open interest?
Open interest and trading volume are two different things: trading volume shows how much has changed hands over a period of time, while open interest shows how many positions are still open at the moment.
Rapid changes in open interest over a short period mean that traders are opening or closing positions in large numbers, and volatility often increases as a result.
Understanding this indicator helps you avoid being alarmed by the numbers; it isn't meant to predict market tops or bottoms.
#OP
This is not investment advice in any form. You assume all risks.