$HOT 15-minute contract open interest rose 6.82%; price increased 2.11% over the same period.
Let’s use these figures to break down open interest.
Open interest and trading volume are two different metrics: trading volume is how much was traded during a given period, while open interest is how many positions are still open at a given moment.
When open interest rises but spot trading volume doesn’t keep pace, a rally is often driven more by contract-market funds. These rallies tend to rise fast—and often fall just as fast.
It’s safer to compare several metrics rather than look at just one, but even more indicators can’t give you a definite answer.
#HOT
Just sharing some thoughts—make your own decisions about buying and selling.
Let’s use these figures to break down open interest.
Open interest and trading volume are two different metrics: trading volume is how much was traded during a given period, while open interest is how many positions are still open at a given moment.
When open interest rises but spot trading volume doesn’t keep pace, a rally is often driven more by contract-market funds. These rallies tend to rise fast—and often fall just as fast.
It’s safer to compare several metrics rather than look at just one, but even more indicators can’t give you a definite answer.
#HOT
Just sharing some thoughts—make your own decisions about buying and selling.
