Q: What does it mean that open interest fell by 10.57% and the price rose 7.37% over $BTW 24 hours?
A: This rally seems more likely to have been driven by short covering; for now, there’s little sign of new money coming in. Short covering has its limits, so whether the rally can continue depends on whether additional inflows appear.
A: This rally seems more likely to have been driven by short covering; for now, there’s little sign of new money coming in. Short covering has its limits, so whether the rally can continue depends on whether additional inflows appear.