A 19.0% increase in open interest over four hours—that’s the one number I’m focusing on today. $SNDKB is priced at 1,261.74, down 9.56% over 24 hours, with open interest worth about $279 million. Price is down while open interest is up, which suggests traders are adding short positions rather than quietly buying the dip. Open interest rose just 3.4% in the past hour; most of the increase came in the last four hours. I usually view this kind of spike in a longer-term context: it shows leverage piling onto the downside, which could make the short term choppier, but slower-moving factors like supply and usage can’t be assessed over just four hours. When open interest rises this quickly, volatility could be amplified whether the price keeps falling or bounces back.
#合约持仓 #持仓变化