$XRP 15-minute contract open interest rose 2.1%; the price over the same period was -0.57%.
Let’s use this data to talk about open interest.
Open interest reflects the size of positions in contracts: the higher the open interest, the more positions may be liquidated when prices fluctuate sharply.
A sharp change in open interest over a short period suggests that traders are opening or closing positions in large numbers, and price swings often grow larger afterward.
Don’t let a single number derail your plan, and never use borrowed money to test a hunch.
Let’s use this data to talk about open interest.
Open interest reflects the size of positions in contracts: the higher the open interest, the more positions may be liquidated when prices fluctuate sharply.
A sharp change in open interest over a short period suggests that traders are opening or closing positions in large numbers, and price swings often grow larger afterward.
Don’t let a single number derail your plan, and never use borrowed money to test a hunch.
