Indicator Notes｜$SOPH ｜1-hour open interest +9.84%｜Price +7.11%
First, a definition: Open interest is not the same as fund flows. An increase in open interest only means there are more open positions in the contracts; it doesn’t tell you where the money came from or whether positions are mostly long or short.
A common way to read it: Look at open interest alongside price and funding rates. Open interest changes alone make it difficult to determine direction.
Don’t chase trades during the most volatile few minutes. Wait for the price to stabilize before taking a look.
First, a definition: Open interest is not the same as fund flows. An increase in open interest only means there are more open positions in the contracts; it doesn’t tell you where the money came from or whether positions are mostly long or short.
A common way to read it: Look at open interest alongside price and funding rates. Open interest changes alone make it difficult to determine direction.
Don’t chase trades during the most volatile few minutes. Wait for the price to stabilize before taking a look.