$BTW short whales went from 66% in profit to 4% in two days. Price bounced 40% off Friday’s $1.61 low.
Positioning now:
- 48 new long whales since Thursday, 191 in total
- Fresh longs stacked new liquidation levels right under price, the nearest at $2.23
- $304K of short liquidations sit at $2.44
Between price and that pile there are $192K of asks at $2.40. A rejection there hits the fresh long liquidations first, and the book holds only $76K of bids under them.
Positioning now:
- 48 new long whales since Thursday, 191 in total
- Fresh longs stacked new liquidation levels right under price, the nearest at $2.23
- $304K of short liquidations sit at $2.44
Between price and that pile there are $192K of asks at $2.40. A rejection there hits the fresh long liquidations first, and the book holds only $76K of bids under them.