SHELL Futures: Open Interest in Context
Binance USDⓈ-M Futures data showed open interest of approximately 75.19 million SHELL, with an estimated notional value of around $1.69 million at the time checked.
Open interest measures outstanding futures positions. It does not reveal whether the market is predominantly bullish or bearish by itself.
Price, volume, funding and position changes need to be considered together.
#SHELL #BinanceFutures #CryptoResearch
Binance USDⓈ-M Futures data showed open interest of approximately 75.19 million SHELL, with an estimated notional value of around $1.69 million at the time checked.
Open interest measures outstanding futures positions. It does not reveal whether the market is predominantly bullish or bearish by itself.
Price, volume, funding and position changes need to be considered together.
#SHELL #BinanceFutures #CryptoResearch