What does $AKE 's position reveal? Its position is up 19.35% over 24 hours, while the price is down 24.07%, with about $8.86 million in open interest.
My take: It looks like bears are opening positions as prices fall, so short-term pressure may not have eased yet. But if the market bottoms out and rebounds, these short positions could become a catalyst for a rally.
Share your position-taking habits in the comments.
My take: It looks like bears are opening positions as prices fall, so short-term pressure may not have eased yet. But if the market bottoms out and rebounds, these short positions could become a catalyst for a rally.
Share your position-taking habits in the comments.
