A quick note, October 18, 20:38:
$ICNT : Open interest is down, while the price is up. Over the past 24 hours, open interest is down 19.8% and the price is up 17.05%. Total contract value is around $7.02 million.
My personal rule: when open interest falls as the price rises, I don’t chase the rally. I wait for open interest to start climbing again—that often signals fresh money is willing to enter the market.
I’ll check back in a few days to see how it turned out.
$ICNT : Open interest is down, while the price is up. Over the past 24 hours, open interest is down 19.8% and the price is up 17.05%. Total contract value is around $7.02 million.
My personal rule: when open interest falls as the price rises, I don’t chase the rally. I wait for open interest to start climbing again—that often signals fresh money is willing to enter the market.
I’ll check back in a few days to see how it turned out.