$SAND 24-hour contract open interest +29.06%, price -0.48% — open interest is rising while price moves sideways.
First, a note on methodology: open interest here is measured in coin units, excluding the effect of price movements on the value of open interest. So the change reflects actual opening or closing of positions.
Positions are growing, but the price hasn’t moved in either direction. Positions on both sides of the market are increasing, which may indicate growing disagreement. This kind of buildup often ends with heightened volatility, though the direction is difficult to predict in advance.
What do you think?
The data is from public sources; please verify it yourself.
First, a note on methodology: open interest here is measured in coin units, excluding the effect of price movements on the value of open interest. So the change reflects actual opening or closing of positions.
Positions are growing, but the price hasn’t moved in either direction. Positions on both sides of the market are increasing, which may indicate growing disagreement. This kind of buildup often ends with heightened volatility, though the direction is difficult to predict in advance.
What do you think?
The data is from public sources; please verify it yourself.