𤣠BZ climbed back out of the pit onto the top of his head, and the ones shouting âbreakthroughâ have popped up again. Four hours might be bullish, sureâbut I donât trade by faces, I trade by money. The big money under the hoodâbacked by real gold and silverâis standing the opposite way from me.
All the action is on the books: in the whale account, more than 9% of holders whoâve been in it for over seven hours have turned bullish. But if you dig into positions, the long-side share is still under 30%âbulls on the lips, empty hands in the book. Eight straight rate-linked readings are all negative; the shorts have beenä¸čˇŻ charging âprotection feesâ to the longsâwhose show is this, you donât even need to ask.
Spot is even cleaner: five red/green pillars with large orders show net inflow of zerosâwhile on the order book, sell orders are still pressing down on buy orders. Positions shrank 16% in a day, yet price is being pushed up. This pump has not had a single fresh chunk of money come in to take overâonce itâs squeezed, thereâs no one left to lift the sedan.
Bottom line: short. Wait until real spot large orders actually get dumped in, the funding/fee turns positive, and the whale positions truly flip to longsâwhen all three are in place, Iâll reverse. Until then, this rebound is just a stepping stone laid for shorts. Only shorting is profitable. #bz $BZ
All the action is on the books: in the whale account, more than 9% of holders whoâve been in it for over seven hours have turned bullish. But if you dig into positions, the long-side share is still under 30%âbulls on the lips, empty hands in the book. Eight straight rate-linked readings are all negative; the shorts have beenä¸čˇŻ charging âprotection feesâ to the longsâwhose show is this, you donât even need to ask.
Spot is even cleaner: five red/green pillars with large orders show net inflow of zerosâwhile on the order book, sell orders are still pressing down on buy orders. Positions shrank 16% in a day, yet price is being pushed up. This pump has not had a single fresh chunk of money come in to take overâonce itâs squeezed, thereâs no one left to lift the sedan.
Bottom line: short. Wait until real spot large orders actually get dumped in, the funding/fee turns positive, and the whale positions truly flip to longsâwhen all three are in place, Iâll reverse. Until then, this rebound is just a stepping stone laid for shorts. Only shorting is profitable. #bz $BZ
