$ZEC Open interest is rising while the price is falling: 24-hour open interest +8.68%, price -15.28%, and open interest value $479 million.
New short positions may be driving the decline, or longs may be adding more as the price falls. Watch for continued selling pressure from shorts, but don’t forget the possibility of a rebound when short positions become crowded. What will you do if the market moves in the opposite direction next?
New short positions may be driving the decline, or longs may be adding more as the price falls. Watch for continued selling pressure from shorts, but don’t forget the possibility of a rebound when short positions become crowded. What will you do if the market moves in the opposite direction next?