🧨 $AKE contract shows a divergence between open interest and price: open interest is rising while the price is falling
Over the past 24 hours, open interest (in coins) rose 24.84%, while the price fell 26.23%. Open interest is currently worth approximately $9.34 million.
The decline has been accompanied by new positions, which may mean new shorts are adding to their positions. Watch to see whether the bears continue to apply pressure. How would you interpret this?
Don't treat this as a trading signal.
Over the past 24 hours, open interest (in coins) rose 24.84%, while the price fell 26.23%. Open interest is currently worth approximately $9.34 million.
The decline has been accompanied by new positions, which may mean new shorts are adding to their positions. Watch to see whether the bears continue to apply pressure. How would you interpret this?
Don't treat this as a trading signal.