$PROM has risen by nearly 9%, yet the position size has dropped by almost 30%. Is this round of gains due to active profit-taking, or being forced out?
📊 Data
Open interest (4H) -28.7%
Price (24H) +8.8%
Current price 2.641
24H high/low 3.463 / 1.823
💡 What’s going on
As it keeps rising, the position is being withdrawn quickly.
It’s not new money pushing it up—old positions are exiting.
With such an急 withdrawal speed, active profit-taking and forced liquidation get mixed together, making it hard to tell.
For the people who didn’t leave, what are they betting on?
🎯 How to look at it
Bullish bias can hold, but the short side’s ammunition hasn’t dispersed.
Watch the range 2.641-3.463
Invalidation level 1.823
The above is only personal sharing and does not constitute investment advice.
📊 Data
Open interest (4H) -28.7%
Price (24H) +8.8%
Current price 2.641
24H high/low 3.463 / 1.823
💡 What’s going on
As it keeps rising, the position is being withdrawn quickly.
It’s not new money pushing it up—old positions are exiting.
With such an急 withdrawal speed, active profit-taking and forced liquidation get mixed together, making it hard to tell.
For the people who didn’t leave, what are they betting on?
🎯 How to look at it
Bullish bias can hold, but the short side’s ammunition hasn’t dispersed.
Watch the range 2.641-3.463
Invalidation level 1.823
The above is only personal sharing and does not constitute investment advice.