$BTW The collapse is not far off! The data is too extreme: the whale long positions are as high as 180M, the long-to-short ratio has surged to nearly 10x, and the paper gains are over $120 million.
The entire short side has been wiped out, and the counterparty liquidity is completely exhausted. Under such extreme imbalance, once the longs concentrate profit-taking and trigger a stampede, it will be a waterfall-style crash.
If the old dog doesn’t take profit, is it going to wait to be buried? Historical patterns repeatedly verified: when the long-to-short ratio is extremely crowded, it’s a signal before a huge bearish candle. If you don’t short now, when else?
Add to the position!!⬇️⬇️⬇️