$INIT Scenario
whales are heavily short. 118 whales hold $2.06M in shorts, with an average entry near $0.154. Around 81% are currently in profit.
Meanwhile, only 39 whales remain long, holding $648K with an average entry near $0.135 and those longs are underwater.
With $INIT around $0.122, whales clearly control the short side for now. Negative funding could fuel a bounce later, but buyers need to step in first
#INITUSDT #Macro Insights# #Altcoin Season#
whales are heavily short. 118 whales hold $2.06M in shorts, with an average entry near $0.154. Around 81% are currently in profit.
Meanwhile, only 39 whales remain long, holding $648K with an average entry near $0.135 and those longs are underwater.
With $INIT around $0.122, whales clearly control the short side for now. Negative funding could fuel a bounce later, but buyers need to step in first
#INITUSDT #Macro Insights# #Altcoin Season#
