$IRYS 15-minute contract open interest rose 13.54%, with the value of open positions at approximately $7.06 million; during the same period, the price rose 17.65%.
Let’s use this data to talk about open interest.
Open interest represents the overall size of all contract positions: the higher it is, the more positions could be liquidated when prices fluctuate sharply.
Open interest often falls rapidly after sharp volatility, indicating that some leverage has been flushed out. Sentiment may then cool off as well.
All data describes trends that have already occurred, and the market could just as easily move in the opposite direction.
Let’s use this data to talk about open interest.
Open interest represents the overall size of all contract positions: the higher it is, the more positions could be liquidated when prices fluctuate sharply.
Open interest often falls rapidly after sharp volatility, indicating that some leverage has been flushed out. Sentiment may then cool off as well.
All data describes trends that have already occurred, and the market could just as easily move in the opposite direction.