$ACT 15-minute contract open interest increased by 4.22%, with an open interest value of about $5.52 million; the price rose 2.95% over the same period.
I used to think that rising open interest meant money was flowing in. It took me a while to understand: rising open interest means both sides are opening new positions, with an equal number of longs and shorts. It’s not the same thing as money flowing in.
Open interest varies greatly between coins. It’s not unusual for smaller coins’ open interest to fluctuate significantly over an hour or two, while moves of the same magnitude are much rarer for major coins.
Indicators can be wrong, so always use stop-losses. Thinking ahead about what to do if you’re wrong matters more than whether your prediction is right.
#ACT
This is not financial advice. Make your own trading decisions.
I used to think that rising open interest meant money was flowing in. It took me a while to understand: rising open interest means both sides are opening new positions, with an equal number of longs and shorts. It’s not the same thing as money flowing in.
Open interest varies greatly between coins. It’s not unusual for smaller coins’ open interest to fluctuate significantly over an hour or two, while moves of the same magnitude are much rarer for major coins.
Indicators can be wrong, so always use stop-losses. Thinking ahead about what to do if you’re wrong matters more than whether your prediction is right.
#ACT
This is not financial advice. Make your own trading decisions.
