$IRYS 15-minute contract open interest rose 2.8%, with its value at about $31.18 million; the price rose 2.68% over the same period.
Let’s use this data to talk about open interest.
Contract open interest reflects both leverage and hedging demand. Some positions are held solely to hedge spot exposure.
The higher open interest builds, the more contract positions can drive prices, and a sharp move could trigger a cascade of liquidations.
When trading with leverage, first consider whether you can withstand the worst-case scenario, then think about what the signal is telling you.
Let’s use this data to talk about open interest.
Contract open interest reflects both leverage and hedging demand. Some positions are held solely to hedge spot exposure.
The higher open interest builds, the more contract positions can drive prices, and a sharp move could trigger a cascade of liquidations.
When trading with leverage, first consider whether you can withstand the worst-case scenario, then think about what the signal is telling you.