Seeing $ETH being in place at 2700u makes the scent of a shark trap crystal clear:
• Retail is in extreme FOMO with a dominant Long ratio of 71.6% (L/S ratio 2.52), thinking it’s about to rocket and blow the roof off.
• But in reality: OI is stuffed even tighter at over 6.1 billion USDT, while the top traders keep things under wraps—only holding 61% Long.
• A familiar scenario: the shark creates liquidity to lull you to sleep, then waits to sweep up the “whiskers” back to 2640u for those with high leverage, then—and only then—pulls the move!
Anyone who’s tempted to push the Long position recklessly should be careful: you may end up donating your life as bait for the MM to collect the spoils.
$ETH #ETH #Crypto #BinanceSquare
• Retail is in extreme FOMO with a dominant Long ratio of 71.6% (L/S ratio 2.52), thinking it’s about to rocket and blow the roof off.
• But in reality: OI is stuffed even tighter at over 6.1 billion USDT, while the top traders keep things under wraps—only holding 61% Long.
• A familiar scenario: the shark creates liquidity to lull you to sleep, then waits to sweep up the “whiskers” back to 2640u for those with high leverage, then—and only then—pulls the move!
Anyone who’s tempted to push the Long position recklessly should be careful: you may end up donating your life as bait for the MM to collect the spoils.
$ETH #ETH #Crypto #BinanceSquare