$MAGIC +130% into today’s BingX spot listing, and the crowd flipped short on the way up: 64% long a week ago, 38% now.
Positioning now:
- Whales 82% long, up from 57% a week ago
- 141 long whales hold $8.11M, avg entry $0.101, 78% in profit
- 66 short whales hold $1.75M, avg entry $0.0974, 8% in profit, -$636K
- Funding went negative right at the listing hour
Short whales need a 36% drop just to break even, longs stay green down to $0.101. The pressure sits with the shorts, while the crowd keeps adding to that side.
#magic #magicusdt
Positioning now:
- Whales 82% long, up from 57% a week ago
- 141 long whales hold $8.11M, avg entry $0.101, 78% in profit
- 66 short whales hold $1.75M, avg entry $0.0974, 8% in profit, -$636K
- Funding went negative right at the listing hour
Short whales need a 36% drop just to break even, longs stay green down to $0.101. The pressure sits with the shorts, while the crowd keeps adding to that side.
#magic #magicusdt