$NIGHT continues to show why I pay close attention not only to the price, but also to who exactly is moving the market.
On September 30, a major purchase worth $236K set the motion in motion, after which the price added already 37%.
Over the week, the share of whale longs grew from 39% to 68%, while the crowd reduced longs from 60% to 50%. Now there is $5.68M in longs versus $2.66M in shorts.
As long as $0.047 isn’t surrendered, pressure on shorts remains.
On September 30, a major purchase worth $236K set the motion in motion, after which the price added already 37%.
Over the week, the share of whale longs grew from 39% to 68%, while the crowd reduced longs from 60% to 50%. Now there is $5.68M in longs versus $2.66M in shorts.
As long as $0.047 isn’t surrendered, pressure on shorts remains.