👀 Smart money is watching this:
$KAVA contract positions are up 21.68% in 24 hours, while the price is down 41.82%. There’s still $6.29 million in open interest.
Price down, open interest up: the new positions may be leaning more toward shorts, potentially pushing the price lower with the trend. But some bulls may also be buying the dip. When too many shorts pile up, a single rebound can easily trigger a cascade of short covering.
#KAVA
$KAVA contract positions are up 21.68% in 24 hours, while the price is down 41.82%. There’s still $6.29 million in open interest.
Price down, open interest up: the new positions may be leaning more toward shorts, potentially pushing the price lower with the trend. But some bulls may also be buying the dip. When too many shorts pile up, a single rebound can easily trigger a cascade of short covering.
#KAVA