$POWR ｜1-hour open interest +10.01%｜price -3.73%
What does open interest actually tell us? Open interest is usually calculated separately for each trading pair. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the combined total across all platforms.
The baseline open interest varies greatly from coin to coin, so it’s not unusual for open interest in smaller coins to change significantly over a short period. A change of the same magnitude is much rarer for top coins.
All indicators summarize market movements that have already happened. The market could move in the opposite direction at any time.
#POWR
What does open interest actually tell us? Open interest is usually calculated separately for each trading pair. Here, it refers to open interest in Binance USDⓈ-M perpetual contracts, not the combined total across all platforms.
The baseline open interest varies greatly from coin to coin, so it’s not unusual for open interest in smaller coins to change significantly over a short period. A change of the same magnitude is much rarer for top coins.
All indicators summarize market movements that have already happened. The market could move in the opposite direction at any time.
#POWR
