Let's look at $ONE : he lost two-thirds of his large short positions in four days, from 256 to 89. That's a collapse, wouldn't you say???
The short book shrank from $1.6M to $836K, while the price fell another 30%.
Short positions took profits on the way down.
The long whales haven't moved; 72 of them are still holding, 20% below breakeven.
The share of long whales rose from 29% to 40%.
It hasn't flipped yet, but the short side is thinning out fast. Could this be a sign of an explosive move up? I don't know... I think we'll stay at the bottom
The short book shrank from $1.6M to $836K, while the price fell another 30%.
Short positions took profits on the way down.
The long whales haven't moved; 72 of them are still holding, 20% below breakeven.
The share of long whales rose from 29% to 40%.
It hasn't flipped yet, but the short side is thinning out fast. Could this be a sign of an explosive move up? I don't know... I think we'll stay at the bottom
