$IDOL 1-hour futures open interest rose 9.01%; the price rose 9.47% over the same period.
When I first got into crypto, I always thought an increase in open interest meant money was flowing in. Later, I realized that rising open interest only means both longs and shorts are adding to their positions. The number of long and short positions is equal, and that’s a different thing from capital inflows.
Extreme readings often signal greater volatility. At times like these, it’s better to reduce your position rather than add to it.
#IDOL
Markets change in an instant, so don’t rush to conclusions.
When I first got into crypto, I always thought an increase in open interest meant money was flowing in. Later, I realized that rising open interest only means both longs and shorts are adding to their positions. The number of long and short positions is equal, and that’s a different thing from capital inflows.
Extreme readings often signal greater volatility. At times like these, it’s better to reduce your position rather than add to it.
#IDOL
Markets change in an instant, so don’t rush to conclusions.
