$OP contract market breakdown: Open interest increased by 30.41% over 24 hours, while the price fell 1.06%. Open interest is worth approximately $23.7 million.
Who’s on the back foot? It’s hard to tell right now. New positions have been opened on both the long and short sides, with entry prices clustered around this price range. Whichever side gets stopped out first will be at a greater disadvantage.