📎 $ICNT 15-minute contract open interest rose 3.19%; the price rose 2.42% over the same period.
【A quick explainer】What is open interest?
Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the market, the number of long positions always equals the number of short positions.
Rising prices alongside rising open interest are often seen as new longs actively entering the market, while falling prices alongside rising open interest are often interpreted as new shorts actively entering.
The purpose of understanding this indicator is to avoid being spooked by the numbers—not to use it to predict price movements accurately.
Just my personal opinion; not a basis for trading.
【A quick explainer】What is open interest?
Every open contract has both a long and a short position, so open interest itself is neither bullish nor bearish. Across the market, the number of long positions always equals the number of short positions.
Rising prices alongside rising open interest are often seen as new longs actively entering the market, while falling prices alongside rising open interest are often interpreted as new shorts actively entering.
The purpose of understanding this indicator is to avoid being spooked by the numbers—not to use it to predict price movements accurately.
Just my personal opinion; not a basis for trading.