Let’s talk about open interest.
When tracking changes in open interest, comparing the number of coins is more accurate: the value of open interest in USDT also changes as the coin’s price moves.
One thing that’s easy to overlook: rising open interest only means that more positions have been opened in the contracts. It doesn’t tell you whether bulls or bears have the upper hand, because every new position has both a long and a short side.
When open interest rises sharply in a short time, volatility may increase afterward. First, check your position and how far it is from liquidation.
Relevant coin: $BTC , quoted at 81830 (24h -0.93%).
When tracking changes in open interest, comparing the number of coins is more accurate: the value of open interest in USDT also changes as the coin’s price moves.
One thing that’s easy to overlook: rising open interest only means that more positions have been opened in the contracts. It doesn’t tell you whether bulls or bears have the upper hand, because every new position has both a long and a short side.
When open interest rises sharply in a short time, volatility may increase afterward. First, check your position and how far it is from liquidation.
Relevant coin: $BTC , quoted at 81830 (24h -0.93%).