Took a look at today’s position ratios, and $HYPE and $ZEC are both looking pretty lifeless. $HYPE has a long/short ratio of 0.8889, with shorts making up 52.94%; it’s down 6.55% over 24h and 12.41% over 7 days. $ZEC has a ratio of 0.9798, so shorts are only ahead by a hair, yet it’s plunged 31.66% over 7 days. Short-term selling pressure is pretty heavy.
The strange thing is that the top traders’ long/short ratios for both are above 1. Retail traders are cutting their losses, while the big players are buying against the trend. Neither side has managed to overpower the other—it all looks exhausting.
$AKE is a different story. It’s up 102.93% over 24h and 213.63% over 7 days, looking ready to take off. But it’s down 3.73% over 4 hours and still down 55.02% over 30 days. Its long/short ratio is 1.0450, with longs holding just a tiny edge at 51.10%. It’s whipping traders around at these highs; anyone chasing it must be feeling pretty nervous. I’ll keep my distance from this kind of short-term frenzy.
The strange thing is that the top traders’ long/short ratios for both are above 1. Retail traders are cutting their losses, while the big players are buying against the trend. Neither side has managed to overpower the other—it all looks exhausting.
$AKE is a different story. It’s up 102.93% over 24h and 213.63% over 7 days, looking ready to take off. But it’s down 3.73% over 4 hours and still down 55.02% over 30 days. Its long/short ratio is 1.0450, with longs holding just a tiny edge at 51.10%. It’s whipping traders around at these highs; anyone chasing it must be feeling pretty nervous. I’ll keep my distance from this kind of short-term frenzy.