In 15 minutes, open interest in the $AKE contract increased by 4.6%, to about $10.01 million; the coin price fell by 8.73%.
In my view, when open interest rises while the price falls, it generally means more new short positions are being opened.
If open interest is measured in coins, price changes alone won't affect it.
In my view, when open interest rises while the price falls, it generally means more new short positions are being opened.
If open interest is measured in coins, price changes alone won't affect it.
