What does the positioning of $UAI tell us? Open interest is up 59.16% over 24 hours, while the price is down 39.98%; open interest is around $6.27 million.
My take: the bears may be adding to their positions as prices fall, so the pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could help fuel the rally.
Which side do you think will buckle first?
#UAI
The above is a summary of publicly available information. Please verify it yourself.
My take: the bears may be adding to their positions as prices fall, so the pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could help fuel the rally.
Which side do you think will buckle first?
#UAI
The above is a summary of publicly available information. Please verify it yourself.