👀 Whales are watching this:
$BTW contract positions fell 12.15% in 24 hours, while the price rose 3.16%. Open interest is still at $73.03 million.
Positions are shrinking even as the price rises. This is more likely driven by shorts closing and buying back, rather than fresh longs rushing in. Watch to see whether open interest stops falling and starts to recover—that could be a sign of new money entering.
$BTW contract positions fell 12.15% in 24 hours, while the price rose 3.16%. Open interest is still at $73.03 million.
Positions are shrinking even as the price rises. This is more likely driven by shorts closing and buying back, rather than fresh longs rushing in. Watch to see whether open interest stops falling and starts to recover—that could be a sign of new money entering.