Open interest in $CTK contracts changed by +5.1% over 15 minutes and is now around $2.89 million; the price fell by 0.36%.
My take: the price is down while open interest is up, which I interpret as shorts adding to their positions.
Open interest doesn’t tell us who is opening positions, so there’s no need to imagine that a whale is behind it.
#CTK
My take: the price is down while open interest is up, which I interpret as shorts adding to their positions.
Open interest doesn’t tell us who is opening positions, so there’s no need to imagine that a whale is behind it.
#CTK