A friend asked me what was going on with the $APR contract over the past couple of days, so I casually replied:
“The price is down 40.09% in 24 hours, while open interest is up 129.86%. Most likely, shorts are entering the market. But if there are too many shorts, we should also watch out for a short squeeze.”
My friend then asked what to do. I said I didn’t know either—I usually wait and see, then decide once the market has played out.
“The price is down 40.09% in 24 hours, while open interest is up 129.86%. Most likely, shorts are entering the market. But if there are too many shorts, we should also watch out for a short squeeze.”
My friend then asked what to do. I said I didn’t know either—I usually wait and see, then decide once the market has played out.