Q: Over 24 hours, open interest for $AKE increased by 19.68%, while the price fell by 34.2%. What does this mean?
A: During a downtrend, new short positions may be adding to their bets, or longs may be averaging down. Bears seem to have the upper hand for now, but the more crowded the short trade gets, the sharper the rebound may be.
Crypto carries risks. Be cautious when entering the market.
A: During a downtrend, new short positions may be adding to their bets, or longs may be averaging down. Bears seem to have the upper hand for now, but the more crowded the short trade gets, the sharper the rebound may be.
Crypto carries risks. Be cautious when entering the market.
