$JCT Open interest fell while price rose: over 24 hours, open interest dropped 18.21%, while the price increased 5.7%. Open interest is valued at $21.75 million.
The rise looks more like short covering than new long positions entering. Whether it can continue depends on whether fresh capital steps in.
#JCT
Just my personal take; I could be wrong, so treat this with caution.
The rise looks more like short covering than new long positions entering. Whether it can continue depends on whether fresh capital steps in.
#JCT
Just my personal take; I could be wrong, so treat this with caution.