$OGN update: the first whale long after the BingX listing was up 85% at today’s high. It was +33% when I posted it earlier today.
Positioning now:
- Whales: 84% long, 106 long vs 72 short
- Long whales: $7.35M, avg entry $0.0348, +$2.22M unrealized
- Short whales: $1.44M, avg entry $0.0403, -$276K
- Crowd: 37% long, down from 71% a week ago
Whales held their longs through the whole move, and the crowd turned short. Short whales only get back to even if price drops 19% to $0.0403, so for now they are the side under pressure.
Positioning now:
- Whales: 84% long, 106 long vs 72 short
- Long whales: $7.35M, avg entry $0.0348, +$2.22M unrealized
- Short whales: $1.44M, avg entry $0.0403, -$276K
- Crowd: 37% long, down from 71% a week ago
Whales held their longs through the whole move, and the crowd turned short. Short whales only get back to even if price drops 19% to $0.0403, so for now they are the side under pressure.