📎 Latest data: $ESPORTS | 1-hour open interest +9.84% | price +9.43%
· Explanation: Open interest and trading volume are two different things: trading volume shows how much has changed hands during this period, while open interest shows how many positions are still open right now.
· How to read it: A new high in open interest is not inherently bullish or bearish; it simply means more capital is in the game and the two sides are competing more fiercely.
Extreme readings are usually accompanied by greater price swings. At times like these, it’s better to reduce your position rather than make a big bet.
#ESPORTS
· Explanation: Open interest and trading volume are two different things: trading volume shows how much has changed hands during this period, while open interest shows how many positions are still open right now.
· How to read it: A new high in open interest is not inherently bullish or bearish; it simply means more capital is in the game and the two sides are competing more fiercely.
Extreme readings are usually accompanied by greater price swings. At times like these, it’s better to reduce your position rather than make a big bet.
#ESPORTS
