$RED spent the first half of the day going nowhere then just ripped 20% and shorts are still out there paying 0.4% an hour to fade it.
crowd's split almost dead even, 51% short, but that "even" split is bleeding $60K a day just to hold the wrong side. $304K walked into this thing in the last hour alone on a $4.9M book, that's real size not noise.
stretched this far off a flat start, it can snap back as easy as it ran. but paying to be wrong on a coin still climbing is a rough bet either way.
NFA
crowd's split almost dead even, 51% short, but that "even" split is bleeding $60K a day just to hold the wrong side. $304K walked into this thing in the last hour alone on a $4.9M book, that's real size not noise.
stretched this far off a flat start, it can snap back as easy as it ran. but paying to be wrong on a coin still climbing is a rough bet either way.
NFA