🐳 $KAVA : Open interest is rising while the price is falling; 24-hour open interest is up 94.01%, and the current price is 0.02929.
Worth considering: who is opening positions as the price falls? A falling price alongside rising open interest generally means sellers are more aggressive. The more new short positions are opened—and the more crowded they become—the more fuel there is for an upward short squeeze.
Next, watch whether large orders are buying or selling.
Worth considering: who is opening positions as the price falls? A falling price alongside rising open interest generally means sellers are more aggressive. The more new short positions are opened—and the more crowded they become—the more fuel there is for an upward short squeeze.
Next, watch whether large orders are buying or selling.