🐋 Open interest in $ICNT 1-hour contracts rose 8.25%; the price increased 2.33% over the same period.
To see whether leveraged funds are entering the market, start by checking open interest—but make sure you interpret the figure correctly.
Open interest is usually tracked separately for each contract. This figure covers Binance USDⓈ-margined perpetual contracts, not the total across all platforms.
Open-interest baselines vary widely between coins. Large short-term swings in smaller coins are not unusual, while swings of the same magnitude are much rarer for top coins.
Don’t chase a trade at the peak of volatility. Wait for the price to stabilize before deciding.
#ICNT
To see whether leveraged funds are entering the market, start by checking open interest—but make sure you interpret the figure correctly.
Open interest is usually tracked separately for each contract. This figure covers Binance USDⓈ-margined perpetual contracts, not the total across all platforms.
Open-interest baselines vary widely between coins. Large short-term swings in smaller coins are not unusual, while swings of the same magnitude are much rarer for top coins.
Don’t chase a trade at the peak of volatility. Wait for the price to stabilize before deciding.
#ICNT