# Contrarian

$Bnx Shows a classic accumulation pattern – open interest rising while price does not move 🐳
Open interest rose 6.2% in the last 30 minutes while price only moved 0.1%. Typically, this kind of divergence is resolved with an upward move. Retail traders are heavily positioned in short positions with a long/short ratio of 0.46 – classic fuel for a squeeze as a contrarian approach. Funding is neutral, so there is no extra cost to hold the position.
Are you watching this accumulation or are you already positioned?
Not financial advice. Always manage your risk.
#BNX #Accumulation #OpenInterest #Con