Quick thought: while checking the contract data just now, I noticed $APR : open interest is up 12.63% over 15 minutes, currently at $4.3 million.
The price is actually falling (-14.91%), which looks like new shorts are entering. In situations like this, I pay extra attention to the potential for a short squeeze once shorts become too crowded.
What do you think?
The price is actually falling (-14.91%), which looks like new shorts are entering. In situations like this, I pay extra attention to the potential for a short squeeze once shorts become too crowded.
What do you think?