MSTR climbed 11.5% in a single day, yet the contract open interest shrank by 9.14% the same day—prices move higher while leverage pulls back.
57.3M fell to 52.1M, and price rose from 122 to 139. Without additional leverage to prop up the rally, the increase was driven only by existing long positions propping themselves up—whoever takes the last step is the one who buys the order.
The active order book also isn’t standing on the longs’ side: buys account for only 38.9%, while sell orders are 1.5 times the size of buy orders. Large holders cut as well, and long accounts dropped 21.5% over 7 hours. After pushing to 139.74, nobody chased; price pulled back toward the 20-minute MA and the 4-hour chart turned bearish.
My stance: short. Enter short at 138, first target 132 (MA50). If it breaks down, watch the previous low at 122. Stop loss is above 139.74. If price rises on strong volume and reclaims the 24-hour high while open interest picks back up, then this trade is cancelled.
#mstr $MSTR
57.3M fell to 52.1M, and price rose from 122 to 139. Without additional leverage to prop up the rally, the increase was driven only by existing long positions propping themselves up—whoever takes the last step is the one who buys the order.
The active order book also isn’t standing on the longs’ side: buys account for only 38.9%, while sell orders are 1.5 times the size of buy orders. Large holders cut as well, and long accounts dropped 21.5% over 7 hours. After pushing to 139.74, nobody chased; price pulled back toward the 20-minute MA and the 4-hour chart turned bearish.
My stance: short. Enter short at 138, first target 132 (MA50). If it breaks down, watch the previous low at 122. Stop loss is above 139.74. If price rises on strong volume and reclaims the 24-hour high while open interest picks back up, then this trade is cancelled.
#mstr $MSTR
