$SKL up 18% while BTC just sits there at -0.4%. this thing isn't riding anything, it's running its own show.
7 hours on the radar, price was just chopping sideways in a range, then OI started building two scans straight and it snapped. shorts are now paying 0.42% an hour to stay in a trade that's actively eating them, roughly $49K a day out of their pocket. $180K piled into positions in the last hour alone on a $3.8M book, that's not small money showing up late.
crowd's still 64% long here, so the squeeze isn't even the crowd being wrong, it's the short minority getting cooked while everyone else watches. stretched move, could snap back hard.
NFA
7 hours on the radar, price was just chopping sideways in a range, then OI started building two scans straight and it snapped. shorts are now paying 0.42% an hour to stay in a trade that's actively eating them, roughly $49K a day out of their pocket. $180K piled into positions in the last hour alone on a $3.8M book, that's not small money showing up late.
crowd's still 64% long here, so the squeeze isn't even the crowd being wrong, it's the short minority getting cooked while everyone else watches. stretched move, could snap back hard.
NFA