Market Notes｜$WAL ｜15-minute open interest +21.33%｜Price +0.5%
Definition: Open interest is generally calculated separately for each trading pair. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the total across all platforms.
How to read it: Open interest varies greatly between coins. It’s not unusual for a small-cap coin’s open interest to change by tens of percent over an hour or two, while the same magnitude of change is much rarer for major coins.
The same data can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#WAL
Definition: Open interest is generally calculated separately for each trading pair. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the total across all platforms.
How to read it: Open interest varies greatly between coins. It’s not unusual for a small-cap coin’s open interest to change by tens of percent over an hour or two, while the same magnitude of change is much rarer for major coins.
The same data can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#WAL