The latest whale and trader data on $MUBARAK is showing a strong buying bias.
There are 162 whale buyers vs 131 sellers, but the difference in position size is much bigger.
Whales are holding around $17.54M in buy positions, compared with only $1.70M in sell positions.
The profit data is also interesting. Around 88.88% of whale longs are profitable, while only 8.39% of whale shorts are profitable.
Traders are showing the same picture.
There are 387 buyers vs 270 sellers, with around $18.47M in buy positions compared with only $2.07M in sell positions.
Around 89.14% of trader longs are profitable, while only 7.77% of shorts are profitable.
Recent activity is also stronger on the buy side, with whale net buying around $189K vs $124K selling, while traders show around $277K net buying vs $108K selling.
So the bigger money is clearly positioned on the buy side right now.
At the same time, because so many long positions are already profitable, I’ll be watching for some profit-taking or a short-term correction.
If buyers continue holding strong after any correction, I think $MUBARAK could continue its bigger move.
This is one of the reasons I’m still comfortable holding $MUBARAK for the longer term.
NFA. DYOR.
There are 162 whale buyers vs 131 sellers, but the difference in position size is much bigger.
Whales are holding around $17.54M in buy positions, compared with only $1.70M in sell positions.
The profit data is also interesting. Around 88.88% of whale longs are profitable, while only 8.39% of whale shorts are profitable.
Traders are showing the same picture.
There are 387 buyers vs 270 sellers, with around $18.47M in buy positions compared with only $2.07M in sell positions.
Around 89.14% of trader longs are profitable, while only 7.77% of shorts are profitable.
Recent activity is also stronger on the buy side, with whale net buying around $189K vs $124K selling, while traders show around $277K net buying vs $108K selling.
So the bigger money is clearly positioned on the buy side right now.
At the same time, because so many long positions are already profitable, I’ll be watching for some profit-taking or a short-term correction.
If buyers continue holding strong after any correction, I think $MUBARAK could continue its bigger move.
This is one of the reasons I’m still comfortable holding $MUBARAK for the longer term.
NFA. DYOR.
