Let's look at the data: $FLOCK 1-hour open interest is up 30.84%, with total open interest at $3.13 million; over the same period, the price is up 14.56%, and 24h is up 20.04%.
Open interest has increased by more than 20%, indicating a highly concentrated inflow of leveraged funds. Bulls are in control, but watch out for a wick-driven shakeout. How do you interpret this information?
Open interest has increased by more than 20%, indicating a highly concentrated inflow of leveraged funds. Bulls are in control, but watch out for a wick-driven shakeout. How do you interpret this information?
