What does $AKE 's position reveal? Over the past 24 hours, positions are up 20.8%, while the price is down 34.95%. Open interest is approximately $12.42 million.
My take: bears may be adding to their positions amid the decline, so short-term pressure may not have eased yet. But if the price stabilizes and rebounds, these short positions could help fuel the recovery.
Which side are you betting on?
#AKE
My take: bears may be adding to their positions amid the decline, so short-term pressure may not have eased yet. But if the price stabilizes and rebounds, these short positions could help fuel the recovery.
Which side are you betting on?
#AKE