$ONE hit the $90K long liquidation cluster from yesterday’s map, went through it, and reversed 35% from 0.0014.
Shorts did not close on the bounce, they added. Short book is now $1.6M against $657K of longs, and 87% of those shorts are underwater.
Next short liquidations sit at 0.0021 and 0.0022. That is where this move is headed if the shorts keep holding.