$HOT ｜1-hour open interest +8.04%｜price +4.32%
Before looking at fund flows, first understand open interest.
Position value = the number of coins held multiplied by the price. When the price rises, the value rises too; comparing the number of coins gives a clearer picture of whether new positions have actually been opened.
Open interest should be considered alongside price and funding rates. Changes in open interest alone aren’t enough to determine whether the market is bullish or bearish.
Don’t let a single number throw off your strategy, and never use borrowed money to test a hunch.
Before looking at fund flows, first understand open interest.
Position value = the number of coins held multiplied by the price. When the price rises, the value rises too; comparing the number of coins gives a clearer picture of whether new positions have actually been opened.
Open interest should be considered alongside price and funding rates. Changes in open interest alone aren’t enough to determine whether the market is bullish or bearish.
Don’t let a single number throw off your strategy, and never use borrowed money to test a hunch.