How to read the Bitcoin position indicator? Understand the Bitcoin Open Interest Indicator in One Article

Bitcoin position indicators are indicators used to analyze the currency holdings and investment behaviors of Bitcoin market participants. These indicators can help analyze the supply and demand relationship and investor sentiment in the Bitcoin market, and help form a more comprehensive Market understanding. Therefore, it is very important to learn to read the Bitcoin position indicator, but many novices who have just entered the currency circle do not know how to read the Bitcoin position indicator. Generally speaking, these indicators can be viewed in the exchange. The following editor will help you fully understand the Bitcoin position indicators.

What do you think of the Bitcoin position indicator?

Many Bitcoin trading platforms provide real-time viewing of Bitcoin transaction data. Users can view real-time market conditions by searching for one. Many platforms now also list Bitcoin positions and those that have been mined. How much is there and how much is still unmined? This information can all be viewed. The following is a tutorial on checking the Bitcoin position indicator on the OEX Exchange:

1. Open the OEX OKX Exchange (investors without an account can click here to register an account for trading), click on the homepage navigation bar [ Discover] Enter the [Market] page

2. After jumping to the page, click [Transaction Data] on the menu bar above to enter the transaction data page

3. You can search for currency in the red box in the upper left corner, and the currency-related data below

What does Bitcoin position mean?

Before the delivery and expiration of the Bitcoin contract, users can voluntarily decide to buy or sell futures contracts based on market conditions and personal wishes. Users (buying long or selling short) hold futures contracts without performing reverse operations (selling or buying) with equal delivery time and quantity, which is called a "position".

Bitcoin position is a data that can be used to know the other. If we know how the position changes, we will detect whether the market is pursuing or selling a certain asset.

Positions and prices also have a certain correlation. Generally, an increase in positions will cause changes in the trend market. For example, in the early stages of a market rise, there will be expectations of a further rise in the market, causing changes in positions; and when the market comes to an end, there will be expectations of a decline, and short positions will increase.

In short, the increase or decrease in positions is in line with market expectations. We cannot simply analyze that an increase in positions means that the market is rising, and a decrease in positions means that the market is falling, because an increase in positions is only a signal for the beginning of the trend, and a decrease in positions is only a signal for the end of the trend. Generally, when a big market really appears, there must be many people entering the market or entering the market. It happens after the field.

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