$BTR update: still heavily stretched, but the crowd has flipped short.
OI at 82.4% of mcap, down from 106% earlier but still very high. OI up 503%, still far faster than price (114%).
Funding is flat at 0.005%, way down from 0.16% before. Longs aren't paying anymore.
L/S at 0.46, the crowd is now clearly short. It was 0.60 in the last reading, so the crowd has drifted further short. Top trader positions at 1.26, big money is long. A real split.
Taker at 1.04, slightly buyer-leaning.
The earlier "fake uptrend, longs paying" picture has flipped into "crowd short, squeeze potential."
The mechanism reversed. Structure is still extremely stretched, sharp moves are likely in either direction.
OI at 82.4% of mcap, down from 106% earlier but still very high. OI up 503%, still far faster than price (114%).
Funding is flat at 0.005%, way down from 0.16% before. Longs aren't paying anymore.
L/S at 0.46, the crowd is now clearly short. It was 0.60 in the last reading, so the crowd has drifted further short. Top trader positions at 1.26, big money is long. A real split.
Taker at 1.04, slightly buyer-leaning.
The earlier "fake uptrend, longs paying" picture has flipped into "crowd short, squeeze potential."
The mechanism reversed. Structure is still extremely stretched, sharp moves are likely in either direction.
