$SIREN contract data breakdown: Open interest fell 19.88% over 24 hours while the price rose 20.2%; open interest is worth about $13.04 million.
Who’s more likely reacting? Probably shorts—falling open interest alongside a rising price usually means short positions are being covered and closed. Once the covering ends, the move could lose momentum if no new longs step in.
Would you go long or short?
Who’s more likely reacting? Probably shorts—falling open interest alongside a rising price usually means short positions are being covered and closed. Once the covering ends, the move could lose momentum if no new longs step in.
Would you go long or short?