Let’s talk about open interest.
When comparing changes in open interest, comparing the number of coins is more accurate: the value of open interest in USDT also changes as prices rise or fall.
One thing many people overlook: the larger the open interest, the more positions may be liquidated or stopped out during sharp market swings. That’s why open interest is often used as an indicator of how crowded a futures market is.
When open interest increases rapidly over a short period, volatility may intensify afterward. First, check your leverage and liquidation distance.
Related coin: $BTC Current price: 74237.23 (24h -0.86%).
#BTC
When comparing changes in open interest, comparing the number of coins is more accurate: the value of open interest in USDT also changes as prices rise or fall.
One thing many people overlook: the larger the open interest, the more positions may be liquidated or stopped out during sharp market swings. That’s why open interest is often used as an indicator of how crowded a futures market is.
When open interest increases rapidly over a short period, volatility may intensify afterward. First, check your leverage and liquidation distance.
Related coin: $BTC Current price: 74237.23 (24h -0.86%).
#BTC
