$RSR Open interest in 15-minute contracts rose 4.82%, with an open interest value of about $8.74 million; the price rose 3% over the same period.
A newbie’s million-dollar question: What is open interest?
Open interest value = number of contracts × price. When the price rises, the open interest value rises too. Comparing the number of coins gives a clearer picture of whether new positions have actually been opened.
Open interest moved, but my position is still 0. I’m just an off-exchange spectator.
Understanding an indicator helps you avoid being misled by a single number; it’s not for predicting whether prices will rise or fall.
#RSR
A newbie’s million-dollar question: What is open interest?
Open interest value = number of contracts × price. When the price rises, the open interest value rises too. Comparing the number of coins gives a clearer picture of whether new positions have actually been opened.
Open interest moved, but my position is still 0. I’m just an off-exchange spectator.
Understanding an indicator helps you avoid being misled by a single number; it’s not for predicting whether prices will rise or fall.
#RSR
