Over $AIOT 1 hours, open interest increased by 17.69%, while the coin price rose by 7.16%. When both open interest and price rise, it generally means more new long positions are being opened. In other words, rising open interest indicates that people are opening new positions, while falling open interest means they’re closing positions. You can’t tell which direction the market is moving just by looking at this.

Don’t take what I’ve said as investment advice.