No hype, no bias—while checking the contract data today, I noticed $ON : open interest is up 5.43% in the past hour, now at $7.87 million.
But the price is falling (-10%), which suggests new shorts are entering. At times like this, I pay extra attention to a potential rebound once the short side gets too crowded.
Which side are you on?
But the price is falling (-10%), which suggests new shorts are entering. At times like this, I pay extra attention to a potential rebound once the short side gets too crowded.
Which side are you on?
