$MAGIC
whales flipped back to long on the bounce, and 62% of them are now under water.
Positioning now:
- Whales 69% long, up from 46% three days ago
- Long whales hold $4.10M, avg entry $0.1306, -$695K
- Short whales hold $1.82M, avg entry $0.1177, 69% in profit
- More whales by count are short, 110 vs 96, but long money is twice as big
Longs need +16.9% to get back to break even, while shorts lose their edge at +5.4%. For now the bigger money is the side that’s losing.
whales flipped back to long on the bounce, and 62% of them are now under water.
Positioning now:
- Whales 69% long, up from 46% three days ago
- Long whales hold $4.10M, avg entry $0.1306, -$695K
- Short whales hold $1.82M, avg entry $0.1177, 69% in profit
- More whales by count are short, 110 vs 96, but long money is twice as big
Longs need +16.9% to get back to break even, while shorts lose their edge at +5.4%. For now the bigger money is the side that’s losing.