🐋 $EVAA 15-minute contract open interest rose 4.6%, with a value of approximately $12.26 million; the price rose 12.64% over the same period.
The most direct way to tell whether money is flowing into or out of futures contracts is to look at open interest—but you need to understand what that figure means.
Every open contract has both a long and a short position, so open interest itself doesn't indicate whether the market is net long or short. Across the entire market, the number of long positions always equals the number of short positions.
A sharp change in open interest over a short period means that traders are opening or closing a lot of positions, and volatility often increases afterward.
If you're using leverage, keep enough margin in your position so a sudden wick doesn't liquidate it.
#EVAA
The most direct way to tell whether money is flowing into or out of futures contracts is to look at open interest—but you need to understand what that figure means.
Every open contract has both a long and a short position, so open interest itself doesn't indicate whether the market is net long or short. Across the entire market, the number of long positions always equals the number of short positions.
A sharp change in open interest over a short period means that traders are opening or closing a lot of positions, and volatility often increases afterward.
If you're using leverage, keep enough margin in your position so a sudden wick doesn't liquidate it.
#EVAA
