$BTC 24-hour contract open interest rose 10.04%, while the coin price fell 2.91%.
Put it this way: price is going down while open interest is rising, so short sellers may be adding to their positions.
The more positions build up, the bigger the volatility tends to be once the market picks a direction. Has anyone experienced this?
Put it this way: price is going down while open interest is rising, so short sellers may be adding to their positions.
The more positions build up, the bigger the volatility tends to be once the market picks a direction. Has anyone experienced this?