📊 $USELESS 15-minute contract open interest rose 4.34%, with a value of approximately $8.07 million; the price increased by 0.24% over the same period.
[Glossary] What does open interest actually mean?
Every new position necessarily involves someone going long and someone going short, so the idea that “rising open interest means a bullish outlook” is a common misconception.
Open interest is best viewed alongside price and funding rates; changes in open interest alone don’t tell you whether positions are long or short.
Indicators may be inaccurate, and stop-losses are essential: thinking in advance about what to do if you’re wrong is more important than guessing correctly.
#USELESS
[Glossary] What does open interest actually mean?
Every new position necessarily involves someone going long and someone going short, so the idea that “rising open interest means a bullish outlook” is a common misconception.
Open interest is best viewed alongside price and funding rates; changes in open interest alone don’t tell you whether positions are long or short.
Indicators may be inaccurate, and stop-losses are essential: thinking in advance about what to do if you’re wrong is more important than guessing correctly.
#USELESS