$CLANKER |15-minute position +2.53%|price +2.19%
What is open interest? Open interest is not the same as capital inflows: an increase in open interest only means there are more positions in the contracts; it cannot tell you whose money is involved or which direction they are betting on.
A new high in open interest is neither bullish nor bearish in itself. It only means there are more positions on the table and a bigger battle between the two sides.
Sizing positions based on the stop-loss distance is much more reliable than guessing.