Flagged $BANK at $0.1616 while shorts were paying 0.3% hourly to stay in. Today it's sitting at $0.05571. Down 65.5% since. The crowd paying to short it was right the whole way down.
Two chapters, same trade getting more crowded and more expensive to hold as the coin kept losing: 0.3% an hour, then 0.856%, and the price never stopped bleeding underneath it. Sometimes the overcrowded side isn't wrong, it's just early, and this was the rare case where paying up to short actually paid out.
NFA.
Two chapters, same trade getting more crowded and more expensive to hold as the coin kept losing: 0.3% an hour, then 0.856%, and the price never stopped bleeding underneath it. Sometimes the overcrowded side isn't wrong, it's just early, and this was the rare case where paying up to short actually paid out.
NFA.