What does $CKB 's position tell us? Open interest is up 18.89% over 24 hours, while the price is down 5.3%. There’s roughly $5.42 million in the market.
My take: It looks like the bears are adding to their positions as prices fall, so selling pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could fuel the rally.
What leverage do you consider safe? Share your thoughts in the comments.
#CKB
My take: It looks like the bears are adding to their positions as prices fall, so selling pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could fuel the rally.
What leverage do you consider safe? Share your thoughts in the comments.
#CKB