Follow the futures positions | $ZEC
Futures positions are piling up (24-hour open interest +20.59%), while the price has fallen 12.59% instead.
Open interest is still $576 million. As positions continue to build, a further drop could trigger long stop-losses and accelerate the decline; if the price rebounds, forced covering could accelerate the rally.
I get it wrong a lot too, so use your own judgment.
Futures positions are piling up (24-hour open interest +20.59%), while the price has fallen 12.59% instead.
Open interest is still $576 million. As positions continue to build, a further drop could trigger long stop-losses and accelerate the decline; if the price rebounds, forced covering could accelerate the rally.
I get it wrong a lot too, so use your own judgment.