Just chatting—I noticed $US while looking through the contract data earlier: 1-hour open interest is up 5%, now at $11.52 million.
The price is actually falling (-6.11%), which suggests new shorts are entering. In situations like this, I pay closer attention to the risk of a short squeeze once short positions become overcrowded.
Feel free to share what you’re seeing.
#US
Stay rational and manage your position size.
The price is actually falling (-6.11%), which suggests new shorts are entering. In situations like this, I pay closer attention to the risk of a short squeeze once short positions become overcrowded.
Feel free to share what you’re seeing.
#US
Stay rational and manage your position size.