Don't laugh at me—I learned this the hard way too.
Today's topic: open interest
Open interest in Binance USDT-margined perpetual contracts is calculated separately for each contract; data from a single platform does not represent the total across the entire market.
When open interest rises sharply over a short period, volatility often increases afterward. Check your leverage and liquidation price first.
Today's price: $BTC Current price 81607.72, 24h -0.69%.
I could be wrong too, so don't take this as advice.
Today's topic: open interest
Open interest in Binance USDT-margined perpetual contracts is calculated separately for each contract; data from a single platform does not represent the total across the entire market.
When open interest rises sharply over a short period, volatility often increases afterward. Check your leverage and liquidation price first.
Today's price: $BTC Current price 81607.72, 24h -0.69%.
I could be wrong too, so don't take this as advice.