$GTC 1 hours: Open interest in futures contracts increased by 8.54%, with a notional value of about $9.13 million; over the same period, the price rose 12.04%.
Let’s use this data to talk about open interest.
Open interest is generally calculated separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
A new high in open interest is neither inherently bullish nor bearish; it simply means more positions have been placed and the disagreement between bulls and bears has intensified.
Learning to read indicators is easy. The hard part is sticking to your plan when the market gets extremely volatile.
Let’s use this data to talk about open interest.
Open interest is generally calculated separately for each contract. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
A new high in open interest is neither inherently bullish nor bearish; it simply means more positions have been placed and the disagreement between bulls and bears has intensified.
Learning to read indicators is easy. The hard part is sticking to your plan when the market gets extremely volatile.