$CLANKER 15-minute contract open interest increased by 5.07%, with an open interest value of approximately $6.92 million; the price rose 0.79% over the same period.
Let’s use this data to talk about open interest.
Open interest is usually tracked separately for each contract. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the total across all platforms.
A rapid change in open interest over a short period suggests that traders are opening or closing positions in concentrated volumes, and subsequent volatility often increases as well.
The same reading can mean very different things in different market conditions, so don’t apply any single rule of thumb indiscriminately.
#CLANKER
For reference only. You assume all risks.
Let’s use this data to talk about open interest.
Open interest is usually tracked separately for each contract. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the total across all platforms.
A rapid change in open interest over a short period suggests that traders are opening or closing positions in concentrated volumes, and subsequent volatility often increases as well.
The same reading can mean very different things in different market conditions, so don’t apply any single rule of thumb indiscriminately.
#CLANKER
For reference only. You assume all risks.
