What is open interest (OI)?
If both the buyer and seller in a trade are opening new positions, open interest increases; if both are closing positions, it decreases; if one is opening a position and the other is closing one, open interest stays the same.
Rising open interest only means that more positions are being held in the contract. It doesn't indicate whether the bulls or bears are stronger, since every new position has someone going long and someone going short.
Related coin: $BTC Current price 73884.29, 24h -0.85%.
Don't trade with borrowed money—pressure can push you into making poor decisions.
If both the buyer and seller in a trade are opening new positions, open interest increases; if both are closing positions, it decreases; if one is opening a position and the other is closing one, open interest stays the same.
Rising open interest only means that more positions are being held in the contract. It doesn't indicate whether the bulls or bears are stronger, since every new position has someone going long and someone going short.
Related coin: $BTC Current price 73884.29, 24h -0.85%.
Don't trade with borrowed money—pressure can push you into making poor decisions.