Current open interest, the current contract open interest for this trading pair in the market, measured in USD rather than the quantity of the cryptocurrency, for convenience and uniformity. 1M represents a contract open interest of one million USD. How to form a contract open interest of one million USD? Just find two people to bet against each other; one is bullish and opens a position of one million USD, and the other is bearish and opens a position of one million USD. This way, the open interest increases by one million USD, not two million USD. These two are counter parties. The winners take the other party's money (mutual extraction of each other's funds). If the price rises by one percent, the long position gains 1% (can close at 101w), while the short position loses 1% (closing requires buying at 101w), and the contract open interest remains unchanged. Because one position has an actual value of 101 (earning 1w), while the other is 99 (losing 1w), averaging gives 100. Open interest does not change because of price increases unless new betting capital is introduced. Closing a position will lead to a decrease in open interest.
How to Quickly Put Money into Someone Else's Pocket
First, throw out the keywords: spot, contract, leverage, opening position, closing position, position, liquidation price, liquidation, margin, cross margin, isolated margin. Then explain each one by one. By the end, you should understand a graceful way to put money into someone else's pocket. Going long: bullish, buying; closing long: end of bullish, selling. Shorting: bearish, selling; closing short: end of bearish, buying. Spot: buy if bullish, sell if not bullish. The risk is price volatility. Spot cannot short. Trading: for every buy, there must be a sell; for every sell, there must be a buy; only buying or only selling without the other side is an unfinished trade.
$T , significant increase in holdings, you can chase it with a head position, and add more on a pullback. The internet is a bit laggy, it probably flew out after being posted.
$COMP is also not bad, the position change is quite large, I opened a small position to participate. For this kind of situation, I will increase the margin of error, I didn't open much so I can tolerate larger fluctuations, stop loss at 52, and take profit at 60 or higher.
$AXL , this funding rate is rapidly approaching its maximum, and with so many positions during the pullback, if there is a stop at a key level, it can be considered to open a position, for example, around 0.52. You can also trade long around the trend line. At the same time, it can be combined with MACD; here, looking at the 5-minute chart is more appropriate. If too much time passes without aligning with price changes, switch to a larger timeframe.
$VIRTUAL , a false rebound, the data shows that the position is relatively empty, and there are signs of shorting (the position does not change much but flows out). You can stop loss at the breakthrough position.
$ANIME , there have been really many guillotines recently 😂. After smashing it, I replenished part of the position. It's 4% different from an hour ago, truly 6.
$HUMA , in terms of the recent 4 K lines and the rise and fall percentage, the buying pressure is still very strong, with two bearish lines having a volume similar to that of the previous large bearish line with an upper shadow but little decline. The positions have also been rising continuously these past few days. The 0.055 that struggled to rebound after the recent decline is very likely to be touched.
$LPT , wct has become loose, this guy has also started to waterfall, the chart only shows that around 0.9 could be support, as well as around 0.8 at the daily level. The 24 reduction is quite severe, not recommended to go long on the left side. wct is also beyond saving with a large outflow, not recommended to play with it, unless there is a significant short covering rebound to find opportunities.
Is $WCT currently at its peak? From the contract data, it appears that there is still inflow near the high, and the increase is not significant. The market makers may be absorbing short positions, and once they have absorbed enough, they may continue to push higher, or they could be slowly opening long positions. It is also absurd that the inflow over the past 24 hours has exceeded the change in positions. It is advised not to short just because the price is high; it is all about finding the peak, and the stop-loss is also very tight. I shorted and also lost 😂.
$TRB 4 hours increased by 65 million, the inflow data is very good. Currently at a daily level resistance. Shorting with this kind of data is quite dangerous, even though it is at a resistance level. If it consolidates near the resistance level for a long time, one should still be prepared to set stop-loss orders when shorting.
$MASK , haven't paid attention for a long time, it's about to come back to u. 2-2.2 is a resistance zone. From the contract data, the open interest has nearly doubled in a week, which is normal given this increase. It is not recommended to chase longs now; if shorting, it is currently on the left side, best to do so with a light position, as the inflow data may still push up for a while. For shorting on the right side, wait for a breakthrough at 2.2, and if the candlestick falls back below 2.2.
$SUI In these four hours, a large number of short positions have been opened. Last time, there was also a significant outflow, and this time there is a noticeable change in positions, indicating that the main force is definitely opening shorts. You can choose to go short; Figure two provides a reference, with a risk-reward ratio of approximately 3.
$USUAL $TIA $SAGA , I currently have these few positions. I will pay attention to the positions while buying, all are spot. saga (needs to break through the 3-day EMA21) I have set take profit and stop loss visible in the chart. tia sees resistance near 3.5-3.7, wants to stop loss at the new low of 2.5 in the last few days. usual, broke through 1 and 4-hour 144-169 Vegas channel and 21 EMA, first looking at 0.17-0.18, then at 0.23-0.26. Stop loss can be the new low of the last few days. No special skills, just control position size and profit-loss ratio.
Today, most of the market contracts have increased positions, and the opening index has reached 49. Those with positions just need to wait for take-off, as long as the stocks are not too bad.
#MOODENUSDT , Directly up and down, the candlestick chart driven purely by funds. The pullback in this hour has reduced some positions, but there is still quite a bit of underlying holdings over the past 8 hours, and shorting still carries significant risks. We need to wait for it to finish performing.
65,930,146,580, increased by nearly 9 million in 24 hours, the inflow looks quite ordinary, the K-line has been fluctuating up and down within 24 hours. In this case, there is no obvious inflow, but there are positions, so one can only enter and ambush at suitable locations to avoid being shaken out by the fluctuations. Let's see if it will reach 0.023-0.024. First, look at 0.0275, set a stop loss at 0.022.