$AIN 's market makers are really skilled, making big moves in both directions. After a series of wild maneuvers over the past few days, Binance Smart Money data shows that the cost basis for longs and shorts is very close, both between 0.097 and 0.099.
A few days ago, the market makers' long positions were mostly concentrated around 0.06. Now they've risen to 0.097. What does that tell us? Retail traders who went long at higher prices are trapped.
There are probably some new short sellers, opening fresh positions. Overall, the old shorts closed their positions for a profit, and new shorts have come in, unwilling to back down.
Looking at the candlestick chart, the price bounced from 0.077 to above the short sellers' average entry price in just a few minutes, then moved sideways.
There's one key metric: open interest. There are still 137M tokens in open positions, most of them belonging to the market makers. They can't liquidate them all at once right now.
So over the next few days, the price will probably move sideways for a while, perhaps even making a fake move down to lure in shorts and shake out longs. Then it could shoot up, and the show begins again.
Remember, the area around 0.097 is the battleground between bulls and bears. #AIN isn't over yet. What happens next depends on how retail traders respond. Keep watching.
I currently have no open positions.
A few days ago, the market makers' long positions were mostly concentrated around 0.06. Now they've risen to 0.097. What does that tell us? Retail traders who went long at higher prices are trapped.
There are probably some new short sellers, opening fresh positions. Overall, the old shorts closed their positions for a profit, and new shorts have come in, unwilling to back down.
Looking at the candlestick chart, the price bounced from 0.077 to above the short sellers' average entry price in just a few minutes, then moved sideways.
There's one key metric: open interest. There are still 137M tokens in open positions, most of them belonging to the market makers. They can't liquidate them all at once right now.
So over the next few days, the price will probably move sideways for a while, perhaps even making a fake move down to lure in shorts and shake out longs. Then it could shoot up, and the show begins again.
Remember, the area around 0.097 is the battleground between bulls and bears. #AIN isn't over yet. What happens next depends on how retail traders respond. Keep watching.
I currently have no open positions.
