Keep an eye on derivatives positioning｜$BTW
Leveraged positions are being unwound (24-hour open interest: -21.45%), while the price has risen 13.01%.
Current open interest is about $117 million. Most of the positions being closed are likely shorts: closing them requires buying back, which may have pushed the price higher.
Leveraged positions are being unwound (24-hour open interest: -21.45%), while the price has risen 13.01%.
Current open interest is about $117 million. Most of the positions being closed are likely shorts: closing them requires buying back, which may have pushed the price higher.