Q: Open interest over $CLANKER 24 hours fell 13.54%, while the price rose 7.96%. What does this mean?
A: The rally appears to have been driven more by short covering; so far, there’s no sign of new money coming in. Short covering has its limits, and whether the rally can continue depends on whether additional buying follows.
A: The rally appears to have been driven more by short covering; so far, there’s no sign of new money coming in. Short covering has its limits, and whether the rally can continue depends on whether additional buying follows.