Look at the Current Positions of Traders and Whales on $Q
Around 84.94% of whale long positions are in profit, while only 6.49% of whale short positions are profitable.
The trader data shows a similar picture. Around 78.98% of long positions are in profit, compared to just 16.23% of short positions.
But here’s what caught my attention. Whales hold around $6.05M in long positions versus $9.04M in short positions. This means short positions are larger in value, even though most short positions are currently in loss.
In the latest 30-minute data, whales recorded around $757K in net buying compared to $101K in net selling. Traders also showed stronger buying, with around $859K in net buying versus $174K in net selling.
in my view, buying pressure is currently stronger. However, since around 85% of whale long positions and 79% of trader long positions are already in profit, some traders may take profits, which could lead to a short-term correction.
If buying pressure remains strong after the correction, $Q could move higher again.
NFA. DYOR.
Around 84.94% of whale long positions are in profit, while only 6.49% of whale short positions are profitable.
The trader data shows a similar picture. Around 78.98% of long positions are in profit, compared to just 16.23% of short positions.
But here’s what caught my attention. Whales hold around $6.05M in long positions versus $9.04M in short positions. This means short positions are larger in value, even though most short positions are currently in loss.
In the latest 30-minute data, whales recorded around $757K in net buying compared to $101K in net selling. Traders also showed stronger buying, with around $859K in net buying versus $174K in net selling.
in my view, buying pressure is currently stronger. However, since around 85% of whale long positions and 79% of trader long positions are already in profit, some traders may take profits, which could lead to a short-term correction.
If buying pressure remains strong after the correction, $Q could move higher again.
NFA. DYOR.
