What does $PUMP 's position reveal? Open interest is up 61.13% over 24 hours, while the price is down 15.74%. Funds on the platform are roughly $139 million.
My take: bears may be adding to their positions as prices fall, so the pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could help fuel the recovery.
Which side are you on—bullish or bearish?
DYOR and participate responsibly.
My take: bears may be adding to their positions as prices fall, so the pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could help fuel the recovery.
Which side are you on—bullish or bearish?
DYOR and participate responsibly.