$RLC contract data breakdown: Over 24 hours, open interest fell 15.44%, the price rose 6.08%, and the value of open interest was approximately $11.78 million.
Who was more passive? This stretch looks like shorts: open interest fell as the price rose, suggesting short positions were being covered and closed. Once those positions have been closed, the rally may fizzle out if no new longs enter.
This view could be wrong at any time. Please manage your own risk.
Who was more passive? This stretch looks like shorts: open interest fell as the price rose, suggesting short positions were being covered and closed. Once those positions have been closed, the rally may fizzle out if no new longs enter.
This view could be wrong at any time. Please manage your own risk.