Market Notes｜$BIRB ｜15-minute open interest +5.99%｜Price +4.04%
First, a definition: Open interest reflects the size of outstanding contract positions. The higher the open interest, the more positions may be liquidated if prices move sharply.
A common way to read it: Open interest is best viewed alongside price and funding rates. It’s difficult to determine whether the market is bullish or bearish by looking at changes in open interest alone.
All data summarizes price movements that have already happened. The market could just as easily move in the opposite direction.
For record-keeping and sharing only—not trading advice.
First, a definition: Open interest reflects the size of outstanding contract positions. The higher the open interest, the more positions may be liquidated if prices move sharply.
A common way to read it: Open interest is best viewed alongside price and funding rates. It’s difficult to determine whether the market is bullish or bearish by looking at changes in open interest alone.
All data summarizes price movements that have already happened. The market could just as easily move in the opposite direction.
For record-keeping and sharing only—not trading advice.