Over the past 24 hours, $BTW saw open interest fall while the price rose.
Put simply, with open interest falling and the price rising, it looks more like short sellers closing their positions by buying back.
You can't tell from the positions who is opening them, so don't assume that big players are making a move. I'll hold off on adjusting my position for now and wait to see where the market settles.
#BTW
Put simply, with open interest falling and the price rising, it looks more like short sellers closing their positions by buying back.
You can't tell from the positions who is opening them, so don't assume that big players are making a move. I'll hold off on adjusting my position for now and wait to see where the market settles.
#BTW