Market Notes | $CTR | 15-minute open interest: +4.48% | Price: +1.81%
First, a definition: open interest reflects the overall size of outstanding contract positions. The higher it is, the more positions may be forcibly liquidated when prices move sharply.
How to read it: A new high in open interest is not inherently bullish or bearish; it only means more capital is being committed and the tug-of-war between bulls and bears is becoming more intense.
Don’t place orders during the fastest-moving minutes. Wait for the candlestick to close and settle before deciding.
Crypto assets are volatile, so don’t take on too large a position.
First, a definition: open interest reflects the overall size of outstanding contract positions. The higher it is, the more positions may be forcibly liquidated when prices move sharply.
How to read it: A new high in open interest is not inherently bullish or bearish; it only means more capital is being committed and the tug-of-war between bulls and bears is becoming more intense.
Don’t place orders during the fastest-moving minutes. Wait for the candlestick to close and settle before deciding.
Crypto assets are volatile, so don’t take on too large a position.