One question: What does open interest (OI) represent?
Open interest for Binance USDⓈ-M perpetual contracts is calculated separately for each trading pair. Data from one platform does not equal total open interest across the entire market.
Every open contract has both a long and a short position, so the total number of longs and shorts across the entire market is always equal.
When open interest rises rapidly over a short period, volatility often increases afterward. Check your leverage and liquidation price.
Today's market: $BTC at 68741.78, 24h -4.24%.
Open interest for Binance USDⓈ-M perpetual contracts is calculated separately for each trading pair. Data from one platform does not equal total open interest across the entire market.
Every open contract has both a long and a short position, so the total number of longs and shorts across the entire market is always equal.
When open interest rises rapidly over a short period, volatility often increases afterward. Check your leverage and liquidation price.
Today's market: $BTC at 68741.78, 24h -4.24%.