$MAGIC 1-hour open interest rose 6%, with total open interest at $26.19 million and the price down 1.47%.
The futures battlefield is getting more crowded, like a shopping mall on the weekend—when it gets packed, people are bound to step on each other’s toes.
Open interest up, price down: new shorts are actively entering the market. Save this and take a look next time you get itchy fingers.

#MAGIC

This is not trading advice.