🐳 $Q : Open interest is falling while the price is rising; 24-hour open interest is down 41.81%, and the current price is 0.05158.
Worth thinking about: Who is buying during the rally? Rising prices alongside falling open interest usually mean the main buying pressure comes from short covering—and once those shorts have bought back, the buying stops. For the rally to continue, new long positions need to step in.
Next, watch whether open interest rises or falls.
Worth thinking about: Who is buying during the rally? Rising prices alongside falling open interest usually mean the main buying pressure comes from short covering—and once those shorts have bought back, the buying stops. For the rally to continue, new long positions need to step in.
Next, watch whether open interest rises or falls.