$AIN plunged from 0.32 to 0.105 in a single day, sharply eroding long positions’ profits.
Three days ago, long whales had $33.7 million in unrealized profits; now only $1.55 million remains. Whale long positions have fallen from $34.6 million to $7 million.
Whales who entered near 0.06 early on took profits in stages during the decline. The remaining whales’ average entry price has dropped to 0.082.
There is a clear divide between bulls and bears: retail traders and whales are taking opposite positions. The share of longs has risen from 35% to 50%, with traders continuing to buy the dip as prices fell.
Short sellers have become profitable for the first time since this market rally began.
Three days ago, long whales had $33.7 million in unrealized profits; now only $1.55 million remains. Whale long positions have fallen from $34.6 million to $7 million.
Whales who entered near 0.06 early on took profits in stages during the decline. The remaining whales’ average entry price has dropped to 0.082.
There is a clear divide between bulls and bears: retail traders and whales are taking opposite positions. The share of longs has risen from 35% to 50%, with traders continuing to buy the dip as prices fell.
Short sellers have become profitable for the first time since this market rally began.