$ICNT 15-minute contract open interest increased by 3.19%, with a holding value of about $7.96 million; during the same period, the price rose +2.42%.
I used to think that when open interest went up, it meant money was flowing in. Only gradually did I understand: an increase in open interest means both longs and shorts are opening new positions; the number of long and short positions is the same, and it is not the same as capital inflow.
Learning to read indicators is not hard; the hard part is still executing according to the plan when emotions are extremely intense.
#ICNT
I used to think that when open interest went up, it meant money was flowing in. Only gradually did I understand: an increase in open interest means both longs and shorts are opening new positions; the number of long and short positions is the same, and it is not the same as capital inflow.
Learning to read indicators is not hard; the hard part is still executing according to the plan when emotions are extremely intense.
#ICNT