$BIRB 15-minute contract open interest rose 4.21%, with an open interest value of about $5.5 million; the price rose 5.3% over the same period.
A beginner’s big question: What is open interest?
Open interest value equals the number of coins held × the price. When the price rises, the value rises too; comparing the number of coins is what shows whether positions have actually increased.
Open interest moved, but my position is still 0—I’m just auditing the class.
Don’t chase a trade at the most volatile moment. Wait for the price to settle before deciding.
#BIRB
A beginner’s big question: What is open interest?
Open interest value equals the number of coins held × the price. When the price rises, the value rises too; comparing the number of coins is what shows whether positions have actually increased.
Open interest moved, but my position is still 0—I’m just auditing the class.
Don’t chase a trade at the most volatile moment. Wait for the price to settle before deciding.
#BIRB