$DOOD One-hour futures open interest increased by 5.01%; the price rose by 0.86% over the same period.
Folks, what is open interest? Here's the short version 👇
Open interest represents the total size of all open futures positions. The higher it is, the more positions could potentially be liquidated if the price makes a big move.
A sharp change in open interest over a short period suggests that traders are opening or closing positions in large numbers, which often leads to bigger swings ahead.
Unusual data often comes with greater volatility. At times like these, it's wiser to reduce your leverage rather than increase your position.
Folks, what is open interest? Here's the short version 👇
Open interest represents the total size of all open futures positions. The higher it is, the more positions could potentially be liquidated if the price makes a big move.
A sharp change in open interest over a short period suggests that traders are opening or closing positions in large numbers, which often leads to bigger swings ahead.
Unusual data often comes with greater volatility. At times like these, it's wiser to reduce your leverage rather than increase your position.