Market Notes｜$BIRB ｜15-minute open interest +4.21%｜Price +5.3%
First, a definition: every increase in open interest always means someone is going long while someone else is going short. So, “a sharp rise in open interest means the market is bullish” is a common misconception.
A common way to read this: it tracks changes in the number of coins in open interest. Price fluctuations themselves don’t change this figure, so it reflects actual position openings and closings.
Keep enough margin for futures positions—don’t let a single sharp price wick knock you out of a trade.
#BIRB
First, a definition: every increase in open interest always means someone is going long while someone else is going short. So, “a sharp rise in open interest means the market is bullish” is a common misconception.
A common way to read this: it tracks changes in the number of coins in open interest. Price fluctuations themselves don’t change this figure, so it reflects actual position openings and closings.
Keep enough margin for futures positions—don’t let a single sharp price wick knock you out of a trade.
#BIRB