A friend asked me what was going on with $BTW 's positions over the past couple of days, so I casually shared a few thoughts:
“The price is up 5.61% in 24 hours, but open interest is down 11.38%. It looks more like a rally driven by shorts closing their positions. Whether it has any staying power depends on whether new money comes in.”
My friend then asked what they should do. I said I didn’t know either—I usually wait and see, then decide once the market has played out a bit.
“The price is up 5.61% in 24 hours, but open interest is down 11.38%. It looks more like a rally driven by shorts closing their positions. Whether it has any staying power depends on whether new money comes in.”
My friend then asked what they should do. I said I didn’t know either—I usually wait and see, then decide once the market has played out a bit.