🐋 $BEAT 15-minute contract open interest increased by 5.76%, with the value of open positions at about $10.61 million; during the same period, the price rose by 16.29%.
Whether leveraged funds are flowing in or out can be seen most directly from open interest—but you need to understand what this figure means.
Open interest value = open position size multiplied by price. When the price rises, the value of open interest increases too. Comparing the amount of the coin itself is the way to tell whether new positions have actually been opened.
All data merely summarizes past market movements. Prices can move in the opposite direction at any time.
#BEAT
Whether leveraged funds are flowing in or out can be seen most directly from open interest—but you need to understand what this figure means.
Open interest value = open position size multiplied by price. When the price rises, the value of open interest increases too. Comparing the amount of the coin itself is the way to tell whether new positions have actually been opened.
All data merely summarizes past market movements. Prices can move in the opposite direction at any time.
#BEAT
