Technical note | $JCT | 15-minute open interest +3.65% | Price -5.76%
First, a definition: Open interest is usually calculated separately for each trading pair. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the market-wide total.
How to read it: When the price barely moves but open interest rises sharply, it suggests both bulls and bears are placing bets. A larger move may then become more likely, though its direction is hard to predict.
Understanding indicators is easy; the hard part is sticking to your plan when emotions are at their most extreme.
First, a definition: Open interest is usually calculated separately for each trading pair. Here, it refers to open interest in Binance USDT-margined perpetual contracts, not the market-wide total.
How to read it: When the price barely moves but open interest rises sharply, it suggests both bulls and bears are placing bets. A larger move may then become more likely, though its direction is hard to predict.
Understanding indicators is easy; the hard part is sticking to your plan when emotions are at their most extreme.