$ORDER |15-minute open interest +4.44%|Price -0.62%
Before discussing capital flows, let's first understand open interest.
Open interest is usually tracked separately for each trading pair. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the market-wide total.
A high level of open interest is not inherently bullish or bearish; it simply means more positions are being wagered and the two sides are more divided.
Don't place orders during the few minutes when volatility is highest. Wait for the price to finish moving before deciding.