$AKE Open interest rising, price falling: 24-hour open interest +23.64%, price -52.28%, open interest value $7.55 million.
It looks more like newly opened short positions are driving the drop, though longs may also be adding at lower levels. Watch out for continued pressure from shorts, but also beware of a short-squeeze rebound if positions get crowded. Anyone who knows more care to weigh in?
#AKE
Crypto trading carries risks. Please trade with caution.
It looks more like newly opened short positions are driving the drop, though longs may also be adding at lower levels. Watch out for continued pressure from shorts, but also beware of a short-squeeze rebound if positions get crowded. Anyone who knows more care to weigh in?
#AKE
Crypto trading carries risks. Please trade with caution.