What does $BTW ’s position tell us? Over the past 24 hours, positions are down 12.15%, the price is up 3.16%, and open interest is around $73.03 million.
My take: it looks more like shorts are closing their positions, with buying to cover likely driving most of the price increase. Once that buying dries up, the question is whether new longs will step in.
Do you guys use much leverage?
#BTW
Stay rational and manage your position size.
My take: it looks more like shorts are closing their positions, with buying to cover likely driving most of the price increase. Once that buying dries up, the question is whether new longs will step in.
Do you guys use much leverage?
#BTW
Stay rational and manage your position size.