🐋 $GALA 15-minute contract open interest rose 9.97%, with a value of approximately $3.69 million; the price was up 1.58% over the same period.
Whether contract funds have entered the market is most directly reflected in open interest—but you need to interpret this figure correctly.
Open interest refers to the total number of contracts in the market that have not yet been closed. It measures the number of contracts, not trading volume.
Understanding this indicator helps you avoid being spooked by the numbers; it is not a tool for pinpointing market tops and bottoms.
Whether contract funds have entered the market is most directly reflected in open interest—but you need to interpret this figure correctly.
Open interest refers to the total number of contracts in the market that have not yet been closed. It measures the number of contracts, not trading volume.
Understanding this indicator helps you avoid being spooked by the numbers; it is not a tool for pinpointing market tops and bottoms.