Watch futures positions｜$AKE
Futures positions are increasing (24-hour open interest +20.8%), while the price is moving lower.
Open interest is currently about $12.42 million. Positions are piling up: if the price keeps falling, stop-losses on long positions could amplify the decline; if it rebounds, forced buybacks could also accelerate the rally.
#AKE
Don’t treat this as a basis for trading decisions.
Futures positions are increasing (24-hour open interest +20.8%), while the price is moving lower.
Open interest is currently about $12.42 million. Positions are piling up: if the price keeps falling, stop-losses on long positions could amplify the decline; if it rebounds, forced buybacks could also accelerate the rally.
#AKE
Don’t treat this as a basis for trading decisions.