Q: $BTW 24-hour open interest fell by 21.45%, while the price rose by 13.01%. What does this mean?
A: This rally was likely driven mostly by short covering, with little sign of new long positions entering for now. Short covering eventually runs its course; whether the market can continue rising depends on whether new money comes in.
#BTW
A: This rally was likely driven mostly by short covering, with little sign of new long positions entering for now. Short covering eventually runs its course; whether the market can continue rising depends on whether new money comes in.
#BTW