$BTR has already grown by 100%, but the numbers by positions look even more interesting than the candle itself.
The large longs have been accumulated at an average of 0.048 and are currently showing about +$611K.
And the shorts with an average price of 0.033 are already down roughly -$790K.
Moreover, none of the tracked large short positions are currently in profit.
That’s a strong imbalance.
But I wouldn’t conclude that after +100% the price is obligated to keep rising.
Now the main question is 0.09.
If $BTR calmly takes this level and holds above it, the squeeze could get a second wind.
If, however, aggressive selling appears at 0.09, the market will finally have a reason for a normal correction.
The large longs have been accumulated at an average of 0.048 and are currently showing about +$611K.
And the shorts with an average price of 0.033 are already down roughly -$790K.
Moreover, none of the tracked large short positions are currently in profit.
That’s a strong imbalance.
But I wouldn’t conclude that after +100% the price is obligated to keep rising.
Now the main question is 0.09.
If $BTR calmly takes this level and holds above it, the squeeze could get a second wind.
If, however, aggressive selling appears at 0.09, the market will finally have a reason for a normal correction.
