$RLC Whales Are Clearly Leaning Bullish.The latest data on $RLC is showing a clear difference between buyers and sellers.
There are 127 whale buyers vs 72 sellers, with around $3.21M in buy positions compared to only $780K in sell positions.
The profit data is also interesting. Around 81.10% of whale long positions are profitable, while only 27.77% of whale shorts are in profit.
Traders are showing a similar picture.
There are 393 buyers vs 236 sellers, with around $4.14M in buy positions compared to $1.36M in sell positions.
Around 85.75% of trader longs are profitable, while only 27.11% of shorts are profitable.
Recent activity is also slightly stronger on the buy side, with whale net buying around $177K vs $160K in selling.
Overall, the bigger positions are clearly on the buy side, while most short positions are currently under pressure.
If $RLC continues moving higher, those losing shorts could come under more pressure. At the same time, because many longs are already profitable, some profit-taking could also cause a short-term correction.
NFA. DYOR.
There are 127 whale buyers vs 72 sellers, with around $3.21M in buy positions compared to only $780K in sell positions.
The profit data is also interesting. Around 81.10% of whale long positions are profitable, while only 27.77% of whale shorts are in profit.
Traders are showing a similar picture.
There are 393 buyers vs 236 sellers, with around $4.14M in buy positions compared to $1.36M in sell positions.
Around 85.75% of trader longs are profitable, while only 27.11% of shorts are profitable.
Recent activity is also slightly stronger on the buy side, with whale net buying around $177K vs $160K in selling.
Overall, the bigger positions are clearly on the buy side, while most short positions are currently under pressure.
If $RLC continues moving higher, those losing shorts could come under more pressure. At the same time, because many longs are already profitable, some profit-taking could also cause a short-term correction.
NFA. DYOR.
