WLD dumped about 7% in a day, while OI shrank about 19%—and some are saying, “It’s been dumped hard enough; time to buy the dip.”
Wrong. Leverage is retreating harder than spot, which means positions are fleeing—not that a floor is forming. Longs still make up the bulk of liquidations. Getting liquidated ≠ confirmation of a bottom.
Do you think this has “created room to run” or that “everyone’s already left”? Pick one in the comments.
$WLD $ETH $SOL
Wrong. Leverage is retreating harder than spot, which means positions are fleeing—not that a floor is forming. Longs still make up the bulk of liquidations. Getting liquidated ≠ confirmation of a bottom.
Do you think this has “created room to run” or that “everyone’s already left”? Pick one in the comments.
$WLD $ETH $SOL