$AKE UPDATE ⚠️
75% of whales are positioned short, sitting on around $750K in unrealized profit, while retail remains heavily exposed to longs.
Open interest kept growing throughout the entire decline, with retail opening both long and short positions along the way. Most were expecting another short squeeze, but price moved in the opposite direction. Longs got liquidated, and many who survived are now trapped.
The downside risk is still there. Don't rush to call a bottom. 👀
#AKE #Macro Insights# #Altcoin Season#
75% of whales are positioned short, sitting on around $750K in unrealized profit, while retail remains heavily exposed to longs.
Open interest kept growing throughout the entire decline, with retail opening both long and short positions along the way. Most were expecting another short squeeze, but price moved in the opposite direction. Longs got liquidated, and many who survived are now trapped.
The downside risk is still there. Don't rush to call a bottom. 👀
#AKE #Macro Insights# #Altcoin Season#
