$CT 24-hour contract open interest is up 34.84%, while price is down 0.78%—open interest is rising as price moves sideways.
First, a note on the methodology: open interest here is measured in coin units, excluding the effect of price fluctuations on its value. So changes reflect actual positions being opened or closed.
Positions are increasing while the price moves sideways, meaning positions on both sides of the market are growing. This may indicate that disagreement is building. Such a buildup of pressure usually ends with increased volatility, but it’s difficult to predict the direction in advance.
Do these figures look convincing to you?
First, a note on the methodology: open interest here is measured in coin units, excluding the effect of price fluctuations on its value. So changes reflect actual positions being opened or closed.
Positions are increasing while the price moves sideways, meaning positions on both sides of the market are growing. This may indicate that disagreement is building. Such a buildup of pressure usually ends with increased volatility, but it’s difficult to predict the direction in advance.
Do these figures look convincing to you?