Quick note: I was just looking at the contract data, and $AKE has an interesting detail: open interest rose 23.64% over 24 hours, while the price was down 52.28%.
Adding positions while the price falls probably means new shorts are entering. But I’ve also seen crowded short positions get squeezed by a sharp rebound several times, so in situations like this, I wouldn’t chase shorts or jump in to buy just yet.
I’ll keep an eye on it and share updates if anything unusual happens.
#AKE
Adding positions while the price falls probably means new shorts are entering. But I’ve also seen crowded short positions get squeezed by a sharp rebound several times, so in situations like this, I wouldn’t chase shorts or jump in to buy just yet.
I’ll keep an eye on it and share updates if anything unusual happens.
#AKE