$BTW : Open interest is down while the price is up. 24-hour open interest: -15.02%; current price: 1.8708.
Worth thinking about: Who is buying during the rise? When the price rises as open interest falls, it often means the main buying is coming from short covering—and once those shorts are covered, the buying dries up. Sustained gains require new long positions to step in.
Next, watch whether open interest rises or falls.
#BTW
Worth thinking about: Who is buying during the rise? When the price rises as open interest falls, it often means the main buying is coming from short covering—and once those shorts are covered, the buying dries up. Sustained gains require new long positions to step in.
Next, watch whether open interest rises or falls.
#BTW