$UAI contract has seen open interest rise while its price fell (24 hours: open interest +59.16% / price -39.98%). Here are a few things to watch:
1. Whether open interest continues to rise
2. Whether the funding rate becomes noticeably one-sided
3. Whether short covering occurs during a rebound
Total positions on the exchange amount to $6.27 million. I’ll follow up when any of these factors changes.
1. Whether open interest continues to rise
2. Whether the funding rate becomes noticeably one-sided
3. Whether short covering occurs during a rebound
Total positions on the exchange amount to $6.27 million. I’ll follow up when any of these factors changes.