Market Notes | $ORDER | 1-hour open interest +31.96% | Price +29.6%
First, a definition: Every open contract has both a long and a short position, so open interest alone cannot distinguish between longs and shorts. Across the entire market, the total number of long positions always equals the total number of short positions.
Next, how to read it: This tracks changes in the number of open positions. Price fluctuations themselves don’t change this figure, so it does reflect opening and closing activity.
Don’t place an order at the most volatile moment. Wait for the price movement to play out before deciding.
@Binance BiBi
First, a definition: Every open contract has both a long and a short position, so open interest alone cannot distinguish between longs and shorts. Across the entire market, the total number of long positions always equals the total number of short positions.
Next, how to read it: This tracks changes in the number of open positions. Price fluctuations themselves don’t change this figure, so it does reflect opening and closing activity.
Don’t place an order at the most volatile moment. Wait for the price movement to play out before deciding.
@Binance BiBi
