$BIRB 15-minute contract open interest rose 6.79%, with a value of about $3.38 million; the price fell 1.66% over the same period.
Let’s use this figure to talk about open interest.
Open interest is usually calculated separately for each contract. Here, we’re looking at open interest in Binance USDⓈ-margined perpetual contracts, not the total across the entire market.
The larger the buildup of contract positions, the more they can drive price movements. A sharp swing could trigger a cascade of liquidations.
This indicator may not be accurate, so don’t skip your stop-loss: think first about what you’ll do if your judgment is wrong—it matters more than whether your prediction is right.
#BIRB
Let’s use this figure to talk about open interest.
Open interest is usually calculated separately for each contract. Here, we’re looking at open interest in Binance USDⓈ-margined perpetual contracts, not the total across the entire market.
The larger the buildup of contract positions, the more they can drive price movements. A sharp swing could trigger a cascade of liquidations.
This indicator may not be accurate, so don’t skip your stop-loss: think first about what you’ll do if your judgment is wrong—it matters more than whether your prediction is right.
#BIRB