⚡️Open interest rises, price falls⚡️ Something’s happening with contract $AKE !
24-hour open interest: +54.03%, price: -49.69%, current price: 0.002475.
Looks like bears are opening shorts as the price falls! But if shorts get too crowded, a rebound could trigger a short squeeze!
Just my personal opinion—don’t use it as a basis for trading.
24-hour open interest: +54.03%, price: -49.69%, current price: 0.002475.
Looks like bears are opening shorts as the price falls! But if shorts get too crowded, a rebound could trigger a short squeeze!
Just my personal opinion—don’t use it as a basis for trading.