What is $BTW ’s positioning telling us? 24-hour open interest: -10.57%; price: +7.37%; total open interest is around $51.58 million.
My take: it looks more like shorts are closing, and the price rise is probably driven by short covering. Once the covering dies down, we’ll have to see whether new longs step in.
Have you ever been liquidated?
#BTW
My take: it looks more like shorts are closing, and the price rise is probably driven by short covering. Once the covering dies down, we’ll have to see whether new longs step in.
Have you ever been liquidated?
#BTW