Q: Over $AKE 24 hours, open interest increased by 19.35% while the price fell by 24.07%. What does this indicate?
A: During this decline, new short positions may have been added, while some longs may also have been averaging down. The bears seem more aggressive for now, but the more crowded the short positions become, the stronger a short squeeze can be.
A: During this decline, new short positions may have been added, while some longs may also have been averaging down. The bears seem more aggressive for now, but the more crowded the short positions become, the stronger a short squeeze can be.
