What does $AKE ’s position tell us? Its 24-hour position change is +23.64%, while the price is down 52.28%, with open interest at around $7.55 million.
My take: it looks like shorts opened positions during the decline, so short-term selling pressure may not have eased yet. But if the price stabilizes and rebounds, those short positions could help drive it higher.
Do you usually trade perpetual contracts?
My take: it looks like shorts opened positions during the decline, so short-term selling pressure may not have eased yet. But if the price stabilizes and rebounds, those short positions could help drive it higher.
Do you usually trade perpetual contracts?
