What is $Lobster’s open interest telling us? Open interest is up 18.71% over the past 24 hours, while the price is down 38.25%. Open interest is around $12.48 million.
My read: it looks like bears are adding to their positions as the price falls, so selling pressure may not have fully eased yet. But if the market bottoms out and rebounds, these short positions could become fuel for a rally.
Tell me about your leverage habits in the comments.
#龙虾
My read: it looks like bears are adding to their positions as the price falls, so selling pressure may not have fully eased yet. But if the market bottoms out and rebounds, these short positions could become fuel for a rally.
Tell me about your leverage habits in the comments.
#龙虾