$ONE : Open interest is down, price is up. Open interest is down 13.43% over the past 24 hours; current price: 0.001884.
Worth thinking about: Who’s buying on the way up? When price rises and open interest falls, it often means the main buying is from shorts covering—and once they’ve covered, that buying is gone. For the rally to continue, new long positions need to step in.
Next, watch whether large orders are buying or selling.
#ONE
You bear the risk yourself; this is just a discussion.
Worth thinking about: Who’s buying on the way up? When price rises and open interest falls, it often means the main buying is from shorts covering—and once they’ve covered, that buying is gone. For the rally to continue, new long positions need to step in.
Next, watch whether large orders are buying or selling.
#ONE
You bear the risk yourself; this is just a discussion.
