Yesterday at noon, A was the first to bow out: $PLAY 's holdings couldn't stay above 500 million.
After falling from 0.0081, it plunged to 0.00708 within two hours. The evening rebound peaked at just 0.00875; it hasn't retested 0.011. It's now hovering around 0.0073, still just shy of dropping below the 0.007 level B mentioned.
▪️ Coins held: 500 million yesterday at noon → 411 million now
▪️ Share of long accounts: 70.5% yesterday at noon, back up to 77.8% by noon today
My take: holdings are shrinking, but the share of accounts on the bullish side has risen again. The 0.007 level still hasn't given us a clear answer.
#PLAY #ContractWatch
After falling from 0.0081, it plunged to 0.00708 within two hours. The evening rebound peaked at just 0.00875; it hasn't retested 0.011. It's now hovering around 0.0073, still just shy of dropping below the 0.007 level B mentioned.
▪️ Coins held: 500 million yesterday at noon → 411 million now
▪️ Share of long accounts: 70.5% yesterday at noon, back up to 77.8% by noon today
My take: holdings are shrinking, but the share of accounts on the bullish side has risen again. The 0.007 level still hasn't given us a clear answer.
#PLAY #ContractWatch