🔢 Data: $WET ｜15-minute open interest +7.23%｜Price +3.16%
· Definition: Position value equals the number of units held multiplied by the price. As the price rises, the value increases too; comparing the number of coins gives a clearer picture of whether new positions have actually been opened.
· How to read it: A high level of open interest is neither bullish nor bearish in itself. It simply means more money is being committed and the battle between the two sides is intensifying.
Don't place an order at the most volatile moment. Wait for the price action to play out before taking another look.
#WET
· Definition: Position value equals the number of units held multiplied by the price. As the price rises, the value increases too; comparing the number of coins gives a clearer picture of whether new positions have actually been opened.
· How to read it: A high level of open interest is neither bullish nor bearish in itself. It simply means more money is being committed and the battle between the two sides is intensifying.
Don't place an order at the most volatile moment. Wait for the price action to play out before taking another look.
#WET