OPEN INTEREST THINKING: THE SECRET KEY TO UNDERSTANDING IMPULSE STRENGTH 🔑📉
Price is shooting up, but how do you know if it's the real deal or just a short squeeze? The answer lies in the Open Interest (OI) indicator in futures.
• If the price is climbing while Open Interest is dropping — it means the rally is purely due to short positions being closed (short squeeze). There’s no fresh cash entering the market, and the momentum is about to fizzle out.
• A true strong trend is confirmed by simultaneous increases in price and OI — this indicates that significant new capital is flowing into the market.
👇 Open the BTC widget. Are you keeping an eye on open interest during impulses?
#OpenInterest #Futures #Bitcoin $BTC
#CryptoFREEMEN
Price is shooting up, but how do you know if it's the real deal or just a short squeeze? The answer lies in the Open Interest (OI) indicator in futures.
• If the price is climbing while Open Interest is dropping — it means the rally is purely due to short positions being closed (short squeeze). There’s no fresh cash entering the market, and the momentum is about to fizzle out.
• A true strong trend is confirmed by simultaneous increases in price and OI — this indicates that significant new capital is flowing into the market.
👇 Open the BTC widget. Are you keeping an eye on open interest during impulses?
#OpenInterest #Futures #Bitcoin $BTC
#CryptoFREEMEN