A market observation from an office worker killing time: $BULLA 24-hour contract open interest is up 56.22%, while the price is down 36.22%—a classic case of rising open interest and falling prices.
Looks like the bears are dragging it down while calling in reinforcements, while some bulls are getting more tempted to catch the falling knife the further it drops. I’m standing in the middle counting heads, and somewhere along the way I realized I hadn’t picked a side—which was actually a relief.
Don’t just laugh—tell us in the comments how you’re feeling about your position right now.
Just my personal opinion—don’t take it too seriously.
Looks like the bears are dragging it down while calling in reinforcements, while some bulls are getting more tempted to catch the falling knife the further it drops. I’m standing in the middle counting heads, and somewhere along the way I realized I hadn’t picked a side—which was actually a relief.
Don’t just laugh—tell us in the comments how you’re feeling about your position right now.
Just my personal opinion—don’t take it too seriously.
