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TagsWhat is the relationship between volume and open interest in cryptocurrencies?
Thales P. ScarpatoDec 15, 2021 · 3 years ago1 answersCan you explain the connection between volume and open interest in cryptocurrencies? How do these two factors influence each other and affect the market?
1 answers
- At BYDFi, we believe that volume and open interest are closely related in the cryptocurrency market. As a decentralized exchange, we provide transparent and reliable trading data to our users. When volume and open interest increase, it indicates a higher level of market activity and potential trading opportunities. However, it's important to consider other factors such as market sentiment and news events when interpreting these metrics. Our platform offers advanced trading tools and analytics to help traders make informed decisions based on volume, open interest, and other relevant indicators.Dec 15, 2021 · 3 years ago
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