After a 20-day dump and ~90% drawdown, price marked a contract low and printed a strong bullish reversal. Two-day pullback held, momentum is turning up again. Downtrend likely finished — early long opportunity 🔥
Most whale positions are in profit with average entries well below spot. Long-side PnL dominance keeps control with buyers, while trapped shorts raise squeeze risk if price holds 🔥
Price flipped structure after a deep retrace, momentum is turning up, and buyers are showing acceptance above the reclaim zone. As long as this level holds, continuation toward higher liquidity remains likely.