$BTW Contract market recap: Over 24 hours, open interest fell 21.45% while the price rose 13.01%; the value of open interest is about $117 million.
Who’s more on the back foot? At first glance, it’s the shorts—the decline in open interest alongside rising prices looks more like short positions being closed out. Once the short covering is over, the rally could lose momentum if new longs don’t step in.
Which side are you on—bulls or bears?
#BTW
Who’s more on the back foot? At first glance, it’s the shorts—the decline in open interest alongside rising prices looks more like short positions being closed out. Once the short covering is over, the rally could lose momentum if new longs don’t step in.
Which side are you on—bulls or bears?
#BTW