🚨 FOGO continues to face intense bearish pressure as the correction deepens further into negative territory today 📉🚨
A closer look at the whale metrics confirms that the big players are firmly driving this downward move.
Institutional short positions completely dominate the chart, with the overwhelming majority of these whale shorts locked deeply in profit from higher entries.
Meanwhile, the remaining whale long positions are caught holding the bag in negative equity as the price searches for solid ground 🐳💸
Furthermore, the deeply negative funding rate shows the market is heavily skewed toward the short side, keeping the pressure on buyers. With sellers maintaining an aggressive grip on the order book, all eyes are on whether key support levels can trigger a bounce or if the distribution phase will extend ⚡️🔍
#BearishTrend #WhaleAlert
A closer look at the whale metrics confirms that the big players are firmly driving this downward move.
Institutional short positions completely dominate the chart, with the overwhelming majority of these whale shorts locked deeply in profit from higher entries.
Meanwhile, the remaining whale long positions are caught holding the bag in negative equity as the price searches for solid ground 🐳💸
Furthermore, the deeply negative funding rate shows the market is heavily skewed toward the short side, keeping the pressure on buyers. With sellers maintaining an aggressive grip on the order book, all eyes are on whether key support levels can trigger a bounce or if the distribution phase will extend ⚡️🔍
#BearishTrend #WhaleAlert