Q: What does a $BTW 24-hour drop in open interest of 16.04% alongside a 20.3% price increase mean?
A: The rally was likely driven mostly by short covering; so far, there’s no sign of new money entering the market. Short covering eventually runs its course, and whether the trend continues depends on whether additional capital comes in.
#BTW
A: The rally was likely driven mostly by short covering; so far, there’s no sign of new money entering the market. Short covering eventually runs its course, and whether the trend continues depends on whether additional capital comes in.
#BTW