Q: Open interest fell 10.57% over $BTW 24 hours, while the price rose 7.37%. What does that mean?
A: This rally seems to have been driven more by short covering; so far, there’s no sign of new money coming in. Short covering eventually runs its course. Whether the rally can continue depends on whether additional capital enters the market.
A: This rally seems to have been driven more by short covering; so far, there’s no sign of new money coming in. Short covering eventually runs its course. Whether the rally can continue depends on whether additional capital enters the market.