$TRUTH The picture looks bleak for short sellers. 99% of large players holding long positions are in profit.
Large players holding short positions are racking up losses.
Longs: 116 traders, $5.19 million in volume, average entry price of $0.01559. Current profit: $1.61 million.
Shorts: 60 traders, $1.76 million, average entry price of $0.01602. Losses are already at $511,000.
If the price shoots up, the nearest short liquidation zones are at $0.0237 and $0.0247, where $148,000 and $143,000 are concentrated, respectively. But at $0.0250, sellers have placed a $146,000 wall.
And most interestingly, over the past week the crowd has flipped from 75% long to 42%. Most people are now less confident about a rise and are shifting to shorts.
When large players are in profit while the crowd is pushing in the opposite direction, it’s worth watching especially closely.
Large players holding short positions are racking up losses.
Longs: 116 traders, $5.19 million in volume, average entry price of $0.01559. Current profit: $1.61 million.
Shorts: 60 traders, $1.76 million, average entry price of $0.01602. Losses are already at $511,000.
If the price shoots up, the nearest short liquidation zones are at $0.0237 and $0.0247, where $148,000 and $143,000 are concentrated, respectively. But at $0.0250, sellers have placed a $146,000 wall.
And most interestingly, over the past week the crowd has flipped from 75% long to 42%. Most people are now less confident about a rise and are shifting to shorts.
When large players are in profit while the crowd is pushing in the opposite direction, it’s worth watching especially closely.