Q: Over the past $UAI 24 hours, open interest rose by 26.92% while the price fell by 43.98%. What does that indicate?
A: During a downtrend, new shorts may be adding to their positions, or longs may be buying the dip. The bears seem to be more active for now, but the more crowded the positions get, the sharper the rebound could be.
Just my personal opinion—don't take it too seriously.
A: During a downtrend, new shorts may be adding to their positions, or longs may be buying the dip. The bears seem to be more active for now, but the more crowded the positions get, the sharper the rebound could be.
Just my personal opinion—don't take it too seriously.