$FLUID 1-hour contract open interest rose 8.29%; the price rose 2% over the same period.
Let’s use this figure to unpack open interest.
Open interest and trading volume are two different metrics: trading volume is how much was traded over a period of time, while open interest is how many positions are still open at this moment.
Open interest varies greatly across different coins. It’s not unusual for a small coin’s open interest to change significantly within an hour or two, while a change of the same magnitude is much rarer for a major coin.
Understanding this metric helps you avoid being misled by a single number; it isn’t a way to accurately predict price movements.
Let’s use this figure to unpack open interest.
Open interest and trading volume are two different metrics: trading volume is how much was traded over a period of time, while open interest is how many positions are still open at this moment.
Open interest varies greatly across different coins. It’s not unusual for a small coin’s open interest to change significantly within an hour or two, while a change of the same magnitude is much rarer for a major coin.
Understanding this metric helps you avoid being misled by a single number; it isn’t a way to accurately predict price movements.
