🚨 Open interest surged 10.32% in $IRYS 1 hours 👀
Hold on—understand open interest before taking action 👇
Position value = number of coins held × price. When the price rises, the position value rises too; comparing the number of coins gives a clearer picture of whether positions have actually increased.
The larger the pile of open positions, the more noticeably contract market funds can push prices. A sudden spike or drop could trigger a cascade of liquidations.
All indicators describe only past market movements; prices can just as easily move in the opposite direction.
#IRYS
Hold on—understand open interest before taking action 👇
Position value = number of coins held × price. When the price rises, the position value rises too; comparing the number of coins gives a clearer picture of whether positions have actually increased.
The larger the pile of open positions, the more noticeably contract market funds can push prices. A sudden spike or drop could trigger a cascade of liquidations.
All indicators describe only past market movements; prices can just as easily move in the opposite direction.
#IRYS