Capital is voting with its feet:
$JCT contract positions fell 11.9% in 24 hours, while the price rose 11.4%. There is still $25.69 million in open interest.
Contract positions are declining while the price is rising—this is more likely driven by shorts closing and buying back than by new longs rushing in. Watch to see whether open interest stops falling and starts to recover; that could signal fresh capital entering.
#JCT
$JCT contract positions fell 11.9% in 24 hours, while the price rose 11.4%. There is still $25.69 million in open interest.
Contract positions are declining while the price is rising—this is more likely driven by shorts closing and buying back than by new longs rushing in. Watch to see whether open interest stops falling and starts to recover; that could signal fresh capital entering.
#JCT