Quick note: $LSK 15-minute contract open interest increased by 6.31%, with a position value of about $11.21 million; price rose 15.13% over the same period.
People often ask what open interest means, so here’s my take.
Open interest represents the size of outstanding contract positions: the higher it is, the more positions may be liquidated if the price moves sharply.
A rising price with falling open interest is generally interpreted as short covering; a falling price with falling open interest is generally interpreted as longs closing their positions. These are only conjectures, not definitive conclusions.
Don’t disrupt your original strategy based on a single indicator, and don’t gamble with borrowed money on any particular prediction.
#LSK
People often ask what open interest means, so here’s my take.
Open interest represents the size of outstanding contract positions: the higher it is, the more positions may be liquidated if the price moves sharply.
A rising price with falling open interest is generally interpreted as short covering; a falling price with falling open interest is generally interpreted as longs closing their positions. These are only conjectures, not definitive conclusions.
Don’t disrupt your original strategy based on a single indicator, and don’t gamble with borrowed money on any particular prediction.
#LSK
