Believing that Bitcoin$BTC is about to moon right now is pure delusion.
While small traders pray for a breakout, the smart money is raking in huge profits from the dip, and the data backs this up unequivocally. Check out the severe imbalance that’s showing on my screens:
• The market is heavily skewed against buyers. The Notional Long/Short Ratio sits at a mere 46.20%, indicating that the whales are heavily positioned for a pullback.
• I’m completely steering clear of long positions because there are 1,499 traders trapped holding losing positions worth 1.01 billion USDT. They entered at a high with an average price of 70,842.77 USDT and are now facing horrific unrealized losses of -67,038,918.85 USDT!
• On the flip side, 2,857 elite traders in short positions are exerting their complete control. They manage a massive domination worth 2.20 billion USDT with an average entry of 68,918.65 USDT, swimming in astonishing unrealized profits of +81,243,920.27 USDT.
• With Bitcoin$BTC trading at $66,470.60 (+0.34%), the negative funding rate (-0.0015% / 03:42:20) shows just how strong the ongoing selling pressure is.
I’m fully focused on moving with the winning sellers before the trapped long positions are forced to liquidate and cause a violent drop. Follow the smart money, or get ready to be just liquidity for their exit!
While small traders pray for a breakout, the smart money is raking in huge profits from the dip, and the data backs this up unequivocally. Check out the severe imbalance that’s showing on my screens:
• The market is heavily skewed against buyers. The Notional Long/Short Ratio sits at a mere 46.20%, indicating that the whales are heavily positioned for a pullback.
• I’m completely steering clear of long positions because there are 1,499 traders trapped holding losing positions worth 1.01 billion USDT. They entered at a high with an average price of 70,842.77 USDT and are now facing horrific unrealized losses of -67,038,918.85 USDT!
• On the flip side, 2,857 elite traders in short positions are exerting their complete control. They manage a massive domination worth 2.20 billion USDT with an average entry of 68,918.65 USDT, swimming in astonishing unrealized profits of +81,243,920.27 USDT.
• With Bitcoin$BTC trading at $66,470.60 (+0.34%), the negative funding rate (-0.0015% / 03:42:20) shows just how strong the ongoing selling pressure is.
I’m fully focused on moving with the winning sellers before the trapped long positions are forced to liquidate and cause a violent drop. Follow the smart money, or get ready to be just liquidity for their exit!