$Lobster open interest fell while the price rose: over 24 hours, open interest dropped 10.92%, the price rose 18.05%, and the value of open positions was $22.98 million.
The rise looks more like short covering than new longs entering. Whether it can continue depends on whether fresh capital comes in. How do you interpret these figures?
Opinions can always be wrong. Please manage your own risk.
The rise looks more like short covering than new longs entering. Whether it can continue depends on whether fresh capital comes in. How do you interpret these figures?
Opinions can always be wrong. Please manage your own risk.