Honestly, I've been eyeing this needle $BTW for a while now. With a trading volume of 7 million, there were barely 200k shorts, and the fees are still positive, indicating that the bears have basically been drained out.
Right now, it's all bulls holding up the market, and the open interest looks pretty intimidating. But the thing is, this kind of one-sided bullish sentiment rarely lasts long. When the market gets too crowded, that's when things tend to go sideways.
Next, it’s all about how the big players decide to play it. At this position, chasing longs is definitely not the smart move; the focus should really be on watching for any pullback risks.
#BTW #合约 #short
Right now, it's all bulls holding up the market, and the open interest looks pretty intimidating. But the thing is, this kind of one-sided bullish sentiment rarely lasts long. When the market gets too crowded, that's when things tend to go sideways.
Next, it’s all about how the big players decide to play it. At this position, chasing longs is definitely not the smart move; the focus should really be on watching for any pullback risks.
#BTW #合约 #short