$AKE The contract is showing a pattern of falling open interest and rising prices (24h: OI -12.11% / price +41.32%). Next, these points are worth watching:
1. Whether open interest continues to fall
2. Whether the funding rate becomes clearly skewed to one side
3. Whether new longs step in after short covering runs its course
Total positions on the exchange: $17.02 million. I’ll follow up once one of these questions is answered.
#AKE
1. Whether open interest continues to fall
2. Whether the funding rate becomes clearly skewed to one side
3. Whether new longs step in after short covering runs its course
Total positions on the exchange: $17.02 million. I’ll follow up once one of these questions is answered.
#AKE