$TAC decide whether to close the position 💁
As the market has been falling all this way, the amount of TAC positions held has actually increased, which means more people are taking this inventory but the price keeps dropping.
It suggests retail investors are going long, but the main players are exiting. It’s pretty clear that more spot (inventory) is being offloaded.
I don’t recommend holding long positions.
As the market has been falling all this way, the amount of TAC positions held has actually increased, which means more people are taking this inventory but the price keeps dropping.
It suggests retail investors are going long, but the main players are exiting. It’s pretty clear that more spot (inventory) is being offloaded.
I don’t recommend holding long positions.
