$VVV Today’s most worth watching isn’t that it still dropped 2.7% even after 24 hours, but that after the price pulled back from 15.712 to 16.600, it didn’t quickly give the rebound back.
During the session it just surged to 16.788, and the sell orders immediately mounted a counterattack, but the price still held around 16.60. In regular accounts, 56.64% are short; in the large-holder accounts, 58.62% are short as well. Even the funding rate has turned negative.
That’s interesting: the price is being repaired, yet the shorts still aren’t willing to get off the train.
I’ll keep watching for a long on VVV. The kind of trend that’s truly likely to accelerate usually isn’t one where everyone is bullish—it's when price keeps rising and the shorts are forced to admit they were wrong.
During the session it just surged to 16.788, and the sell orders immediately mounted a counterattack, but the price still held around 16.60. In regular accounts, 56.64% are short; in the large-holder accounts, 58.62% are short as well. Even the funding rate has turned negative.
That’s interesting: the price is being repaired, yet the shorts still aren’t willing to get off the train.
I’ll keep watching for a long on VVV. The kind of trend that’s truly likely to accelerate usually isn’t one where everyone is bullish—it's when price keeps rising and the shorts are forced to admit they were wrong.