$APR 15-minute contract open interest rose 5.62%, with the value of open positions at approximately $4.73 million; during the same period, the price fell 3.86%.
Let’s use this data to talk about open interest.
Open interest is generally calculated separately for each contract. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A rising price alongside rising open interest is often seen as a sign of longs actively entering the market, while a falling price alongside rising open interest is often interpreted as new shorts actively entering.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if your analysis is wrong matters more than whether your prediction is right.
Let’s use this data to talk about open interest.
Open interest is generally calculated separately for each contract. Here, we’re looking at open interest in Binance USDⓈ-M perpetual contracts, not the total across the entire market.
A rising price alongside rising open interest is often seen as a sign of longs actively entering the market, while a falling price alongside rising open interest is often interpreted as new shorts actively entering.
Indicators can fail, so don’t skip your stop-loss: deciding in advance what to do if your analysis is wrong matters more than whether your prediction is right.