$SIREN Friends are wondering what this is?
Here I give you the simplest explanation I found ;
Open Interest
This is the first chart of yellow bars. It represents the total number of futures contracts that are open (which have not been closed or settled).
What does it tell us? If the bars are rising, new money is entering the market. If they are falling (as seen towards the end), traders are closing their positions or have been liquidated.
Current context: The price of SIREN has fallen by -5.21%. Seeing that open interest has also fluctuated and slightly decreased at the end suggests that panic or position closing is present.
Here I give you the simplest explanation I found ;
Open Interest
This is the first chart of yellow bars. It represents the total number of futures contracts that are open (which have not been closed or settled).
What does it tell us? If the bars are rising, new money is entering the market. If they are falling (as seen towards the end), traders are closing their positions or have been liquidated.
Current context: The price of SIREN has fallen by -5.21%. Seeing that open interest has also fluctuated and slightly decreased at the end suggests that panic or position closing is present.