$AIOT 1-hour contract open interest increased 24.82%; the price rose 8.49% over the same period.
Following this data, let's talk about open interest.
An increase in open interest means new positions are entering; a decrease means positions are exiting, including both voluntary closures and forced liquidations.
A price rise with falling open interest is generally understood to be driven by short covering, while a price fall with falling open interest is often seen as longs closing out. These are only inferences, not definitive conclusions.
Comparing multiple data points is more reliable than looking at just one, but even more signals can't provide a definitive answer.
Following this data, let's talk about open interest.
An increase in open interest means new positions are entering; a decrease means positions are exiting, including both voluntary closures and forced liquidations.
A price rise with falling open interest is generally understood to be driven by short covering, while a price fall with falling open interest is often seen as longs closing out. These are only inferences, not definitive conclusions.
Comparing multiple data points is more reliable than looking at just one, but even more signals can't provide a definitive answer.