$HOT 15-minute contract open interest increased by 6.07%, with an open interest value of approximately $3.86 million; price rose 8.08% over the same period.
Since we're looking at this figure, let's talk about open interest.
Open interest increases when both buyers and sellers open new positions, and decreases when both sides close positions. If one side opens positions while the other closes them, open interest remains unchanged.
When open interest rises but spot buying doesn't follow, gains are often driven more by leverage—and moves like these tend to come fast and go just as fast.
Understanding indicators is easy; the hard part is sticking to your plan when the market gets exciting.
#HOT
Since we're looking at this figure, let's talk about open interest.
Open interest increases when both buyers and sellers open new positions, and decreases when both sides close positions. If one side opens positions while the other closes them, open interest remains unchanged.
When open interest rises but spot buying doesn't follow, gains are often driven more by leverage—and moves like these tend to come fast and go just as fast.
Understanding indicators is easy; the hard part is sticking to your plan when the market gets exciting.
#HOT