$BR now looks like a classic story of “the crowd shorts while someone calmly takes the spot.”
1.26M $BR left Bitget and Gate in less than an hour.
$1.36M simply disappeared from exchange balances.
Meanwhile, while retail sits with an L/S of 0.41, big traders are holding at 1.75.
I’m especially interested that all of this is happening right around $1.04.
If this level holds, I wouldn’t want to be among those who decided that the “dip will definitely continue.”
Sometimes the market first squeezes the shorts, and only then shows why it needed to do it.
1.26M $BR left Bitget and Gate in less than an hour.
$1.36M simply disappeared from exchange balances.
Meanwhile, while retail sits with an L/S of 0.41, big traders are holding at 1.75.
I’m especially interested that all of this is happening right around $1.04.
If this level holds, I wouldn’t want to be among those who decided that the “dip will definitely continue.”
Sometimes the market first squeezes the shorts, and only then shows why it needed to do it.
