Insider. Before rushing to look for reasons, let's lay out the numbers first.
There's something I can't make sense of: SNDK's whale long/short ratio is already at 6.46, with long accounts making up 87%, yet the price is falling, down 6.14% in 24 hours. These two sides don't add up. I'll put my conclusion up front: the structure is slightly bullish, but it's unconfirmed. The direction isn't clear, so I'm staying on the sidelines.
Whales are extremely bullish according to this reading. Extreme values often appear near local highs, so I can't treat this as a reason to expect further upside. Trading volume was $1.621 billion, so all the usual disagreement is reflected in the figures, but based on these readings alone, I can't tell who's accumulating and who's distributing. Of the 220 coins in the TradFi sector, only 12.3% are up, with an average change of -4.3%, so the overall picture doesn't point in either direction.
I only act on price levels: if it breaks below 1294.77, I’ll turn bearish—that means this pre-breakout accumulation didn’t hold up, and the bulls were weak. If it moves above 1328.34, I’ll turn bullish; only then is the structure confirmed. Within the range, I’d rather miss a trade than guess the direction before either side has made its move.
No trade calls, no promises of returns—just a clear look at the flow of funds.
— Insider Jun · Today’s post #3. The next one will reveal all.
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