Latest data: $DOOD ｜15-minute open interest +1.5%｜Price -0.02%
What it means: When both buyers and sellers open new positions, open interest rises; when both close positions, it falls; when one side opens positions and the other closes them, open interest stays the same.
How to read it: Open interest varies greatly across different coins. It’s not unusual for smaller coins to see large changes in open interest over a short period, while the same magnitude of change is much rarer for major coins.
Calculating order size backward from your stop-loss distance is far more reliable than placing orders based on gut feel.
What it means: When both buyers and sellers open new positions, open interest rises; when both close positions, it falls; when one side opens positions and the other closes them, open interest stays the same.
How to read it: Open interest varies greatly across different coins. It’s not unusual for smaller coins to see large changes in open interest over a short period, while the same magnitude of change is much rarer for major coins.
Calculating order size backward from your stop-loss distance is far more reliable than placing orders based on gut feel.