$JCT Contract market recap: Over 24 hours, open interest increased by 30.59% while the price fell 40.84%, putting the value of open positions at approximately $12.85 million.
Who’s more on the back foot? In the short term, it looks like the longs, while shorts still seem to be adding to their positions. But this batch of shorts entered at various points during the decline. If the price rebounds, the shorts will be the ones on the back foot.