$KGEN 24-hour contract open interest +85.55%, price +1.46% — open interest is rising while price is flat.
First, a note on the metric: open interest here is measured in coins, excluding the effect of price movements on its value, so changes reflect actual opening or closing of positions.
Positions are increasing while the price stays flat. Both longs and shorts may be building their positions, perhaps indicating growing disagreement. This kind of buildup often ends with increased volatility, though the direction is impossible to predict in advance.
What reasons do you have for being bullish or bearish?
#KGEN
This is not a recommendation. Trade at your own discretion.
First, a note on the metric: open interest here is measured in coins, excluding the effect of price movements on its value, so changes reflect actual opening or closing of positions.
Positions are increasing while the price stays flat. Both longs and shorts may be building their positions, perhaps indicating growing disagreement. This kind of buildup often ends with increased volatility, though the direction is impossible to predict in advance.
What reasons do you have for being bullish or bearish?
#KGEN
This is not a recommendation. Trade at your own discretion.