Technical Note｜$ERA ｜15-minute open interest +14.29%｜Price +6.26%
First, a definition: open interest represents the overall size of outstanding contract positions. The higher the open interest, the more positions may be forcibly liquidated when prices fluctuate sharply.
A common way to read it: open interest baselines vary greatly across different coins. It’s not unusual for open interest in smaller coins to fluctuate by several tens of percent in a short time, whereas moves of the same magnitude are much rarer for major coins.
Cross-checking several data points is more reliable than looking at just one, but even multiple indicators can’t provide a definitive answer.
#ERA
First, a definition: open interest represents the overall size of outstanding contract positions. The higher the open interest, the more positions may be forcibly liquidated when prices fluctuate sharply.
A common way to read it: open interest baselines vary greatly across different coins. It’s not unusual for open interest in smaller coins to fluctuate by several tens of percent in a short time, whereas moves of the same magnitude are much rarer for major coins.
Cross-checking several data points is more reliable than looking at just one, but even multiple indicators can’t provide a definitive answer.
#ERA