📢 Joke-teller report: $KAVA 24-hour contract open interest +94.01%, price -61.49%—a textbook case of open interest rising while price falls.
Looks like the bears are dragging the price down while calling in reinforcements, and some bulls are catching the dip below. I stood in the middle counting heads, and only after a while realized I hadn’t picked a side—which was actually a relief.
Remember to take a sip of water after reading. The candlesticks aren’t going anywhere.