What does $ONE 's positioning reveal? Over 24 hours, open interest fell 13.43% while the price rose 10.18%, with roughly $11.44 million in open interest.
My take: it's probably shorts closing out, and the price is likely being pushed up by buybacks. Once the covering is over, we'll need to see whether new longs step in to keep the rally going.
What leverage do you usually use?
#ONE
My take: it's probably shorts closing out, and the price is likely being pushed up by buybacks. Once the covering is over, we'll need to see whether new longs step in to keep the rally going.
What leverage do you usually use?
#ONE
