$IOTX 1-hour open interest +14.79% ($3.34 million), price +3.94%.
Open interest up, price up: new longs are actively entering the market, and the rise is supported by incremental capital; but the higher the leverage builds, the greater the volatility during pullbacks.
Open interest up, price up: new longs are actively entering the market, and the rise is supported by incremental capital; but the higher the leverage builds, the greater the volatility during pullbacks.