$BTW has a $1.8M sell wall at $2.98, 11 times bigger than the largest bid on the book. It went up overnight, right after the run from $1.76.
Positioning now:
- Long whales: $97.5M unrealized profit, avg entry $0.51
- Short whales in profit: 37%, up from 10% on Monday, so new shorts went in near the high
- Crowd longs: 28%, up from 24%
First stop is a $329K ask at $2.80. A clean pass puts the wall on test, a rejection there hands the fresh whale shorts their first win.
Positioning now:
- Long whales: $97.5M unrealized profit, avg entry $0.51
- Short whales in profit: 37%, up from 10% on Monday, so new shorts went in near the high
- Crowd longs: 28%, up from 24%
First stop is a $329K ask at $2.80. A clean pass puts the wall on test, a rejection there hands the fresh whale shorts their first win.