$ICNT 1 Hourly contract open interest increased 9.31%, with a position value of approximately $6.14 million; the price rose 5.3% over the same period.
Let's use this figure to talk about open interest.
Every open contract corresponds to one long and one short, so open interest itself is neither bullish nor bearish. The total number of long positions and short positions in the market is always equal.
A rapid change in open interest over a short period means that people are opening or closing positions in large numbers, and volatility often increases afterward.
Indicators can fail, but risk management is essential: deciding in advance what to do if you're wrong matters more than guessing correctly.
#ICNT
Let's use this figure to talk about open interest.
Every open contract corresponds to one long and one short, so open interest itself is neither bullish nor bearish. The total number of long positions and short positions in the market is always equal.
A rapid change in open interest over a short period means that people are opening or closing positions in large numbers, and volatility often increases afterward.
Indicators can fail, but risk management is essential: deciding in advance what to do if you're wrong matters more than guessing correctly.
#ICNT