Follow the futures positioning|$SOPH
Futures open interest is falling (24-hour open interest: -14.29%), while the price has risen 14.58%.
Open interest currently stands at $6.64 million. The positions being closed were probably mostly shorts: closing a short requires buying, which may have pushed the price up.
Futures open interest is falling (24-hour open interest: -14.29%), while the price has risen 14.58%.
Open interest currently stands at $6.64 million. The positions being closed were probably mostly shorts: closing a short requires buying, which may have pushed the price up.