The $BTW contract is showing a pattern of falling open interest and rising prices (24 hours: OI -17.07% / price +3.16%). Here are a few things worth watching next:
1. Will open interest continue to decline?
2. Will the funding rate lean clearly to one side?
3. Will new longs enter after the short covering is complete?
Total positions in the market are worth $73.06 million. I’ll share an update once we get an answer to any of these questions.
DYOR, and trade rationally.
1. Will open interest continue to decline?
2. Will the funding rate lean clearly to one side?
3. Will new longs enter after the short covering is complete?
Total positions in the market are worth $73.06 million. I’ll share an update once we get an answer to any of these questions.
DYOR, and trade rationally.