Q: $GTC 24-hour open interest increased by 28.34%, while the price fell by 14.48%. What does this indicate?
A: During a downtrend, new short positions may be adding to their bets, while some longs may also be adding to their positions as prices fall. For now, the bears seem more active, but the more crowded the positions get, the sharper the rebound could be.
#GTC
A: During a downtrend, new short positions may be adding to their bets, while some longs may also be adding to their positions as prices fall. For now, the bears seem more active, but the more crowded the positions get, the sharper the rebound could be.
#GTC