Everyone, new developments: $PENDLE 15-minute contract open interest rose 5.49%, with open interest valued at approximately $12.19 million; the price fell 3.85% over the same period.
Open interest changed, but my position is still zero—I’m just a spectator on the sidelines.
Seriously, every open contract has both a long and a short, so open interest itself cannot distinguish between longs and shorts; across the entire market, the number of long positions and short positions is always equal.
All the data merely summarizes past market action, and the market could move in the opposite direction at any time.
Open interest changed, but my position is still zero—I’m just a spectator on the sidelines.
Seriously, every open contract has both a long and a short, so open interest itself cannot distinguish between longs and shorts; across the entire market, the number of long positions and short positions is always equal.
All the data merely summarizes past market action, and the market could move in the opposite direction at any time.