🗒️ Data: $AIO ｜1-hour open interest +8.08%｜Price +7.4%
· What it is: An increase in open interest means new positions have been opened; a decrease means positions have been closed, either voluntarily or through forced liquidation.
· How to read it: Open interest varies greatly across different coins. For smaller coins, swings of tens of percent in open interest over an hour or two aren’t unusual; swings of the same magnitude are much rarer for major coins.
Indicators may be inaccurate, but risk management should never be neglected: deciding in advance what to do if you’re wrong matters more than guessing correctly.
How you trade is up to you; this is just a record.
· What it is: An increase in open interest means new positions have been opened; a decrease means positions have been closed, either voluntarily or through forced liquidation.
· How to read it: Open interest varies greatly across different coins. For smaller coins, swings of tens of percent in open interest over an hour or two aren’t unusual; swings of the same magnitude are much rarer for major coins.
Indicators may be inaccurate, but risk management should never be neglected: deciding in advance what to do if you’re wrong matters more than guessing correctly.
How you trade is up to you; this is just a record.
