🐋 $CLANKER 1-hour futures open interest rose 8.55%, with a position value of approximately $4.7 million; the price fell 0.13% over the same period.
Whether leveraged capital has entered the market is most directly reflected in open interest—but you need to interpret this figure correctly.
Open interest is the total number of contracts in the market that have not yet been closed. It measures the number of open positions, not trading volume.
Open interest is best viewed alongside price and funding rates; changes in open interest alone make it difficult to determine market direction.
Calculating position size based on stop-loss distance is far more reliable than placing trades on a whim.
Whether leveraged capital has entered the market is most directly reflected in open interest—but you need to interpret this figure correctly.
Open interest is the total number of contracts in the market that have not yet been closed. It measures the number of open positions, not trading volume.
Open interest is best viewed alongside price and funding rates; changes in open interest alone make it difficult to determine market direction.
Calculating position size based on stop-loss distance is far more reliable than placing trades on a whim.
