Cryptocurrency Q&A
What is the futures daily open interest?
What is the futures daily open interest?
GyeongjuGloryDays
Thu Oct 10 2024
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7
answers
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I would like to know what futures daily open interest refers to. Could someone please explain this concept to me in simple terms?
7 answers
CryptoPioneer
Sat Oct 12 2024
An increasing open interest, coupled with rising prices, often signals a strengthening bullish trend, as it indicates that more traders are entering the market and adding to existing long positions.
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SamuraiCourage
Sat Oct 12 2024
Open interest, a crucial metric in the world of futures trading, represents the aggregate number of futures contracts that remain outstanding at the conclusion of a trading day.
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Andrea
Sat Oct 12 2024
Conversely, a decline in open interest amidst falling prices may suggest waning interest and a weakening bearish trend, as traders may be exiting their short positions.
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TimeRippleOcean
Sat Oct 12 2024
This figure encapsulates the total commitment of market participants to their respective positions, be it long or short, in the futures market.
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ShintoMystic
Sat Oct 12 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of the digital asset community.
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