The long/short center rate rises to 0.82, with a significant drop in the number of short whales, suggesting that bearish bets are covered near $0.0338–$0.0341.
Long whales’ trades cluster around $0.0314, creating a strong support floor; 93% of long whales are currently in a winning position, indicating confidence in holding.
The risk of buying pressure is high above $0.0338, as remaining sellers face unrealized losses, which could amplify upward volatility if resistance is broken.
$CHIP
Long whales’ trades cluster around $0.0314, creating a strong support floor; 93% of long whales are currently in a winning position, indicating confidence in holding.
The risk of buying pressure is high above $0.0338, as remaining sellers face unrealized losses, which could amplify upward volatility if resistance is broken.
$CHIP