guys now I have both pieces on $VELVET and the picture is getting clearer
price is down -12.11% sitting at 1.6647 and the positioning data is one of the most extreme reads I have seen all week
72.63% of accounts are short with only 27.37% long — ratio at 0.38 which is the lowest point on this entire 4h chart and still dropping
look at that black line on the account ratio — it has been falling consistently since 17:00 yesterday, almost no bounces, just a straight slide toward more and more short accounts piling in as price drops
by position size it is almost entirely long on the 5m view — that same split I saw on other coins this week where bigger dollar positions are on one side and the crowd of smaller accounts is on the other
here is what connects to what I showed you earlier — 46.84% of $VELVET supply is in a Sablier vesting contract streaming out continuously and the crowd is now 72.63% short on a coin that is already down 12% today
that vesting pressure is real and gradual but it does not explain a single day drop with this level of short account concentration building this fast
the buy/sell volume on the 5m is mixed — not one-sided selling, actual two-way flow — which means this is not a clean one-direction move, there are buyers stepping in at these levels
when 72% of accounts are short into mixed volume on a coin already down 12%, the next move gets decided by who blinks first
are you reading this as shorts about to get squeezed or is the vesting pressure enough to keep pushing it lower 👀
price is down -12.11% sitting at 1.6647 and the positioning data is one of the most extreme reads I have seen all week
72.63% of accounts are short with only 27.37% long — ratio at 0.38 which is the lowest point on this entire 4h chart and still dropping
look at that black line on the account ratio — it has been falling consistently since 17:00 yesterday, almost no bounces, just a straight slide toward more and more short accounts piling in as price drops
by position size it is almost entirely long on the 5m view — that same split I saw on other coins this week where bigger dollar positions are on one side and the crowd of smaller accounts is on the other
here is what connects to what I showed you earlier — 46.84% of $VELVET supply is in a Sablier vesting contract streaming out continuously and the crowd is now 72.63% short on a coin that is already down 12% today
that vesting pressure is real and gradual but it does not explain a single day drop with this level of short account concentration building this fast
the buy/sell volume on the 5m is mixed — not one-sided selling, actual two-way flow — which means this is not a clean one-direction move, there are buyers stepping in at these levels
when 72% of accounts are short into mixed volume on a coin already down 12%, the next move gets decided by who blinks first
are you reading this as shorts about to get squeezed or is the vesting pressure enough to keep pushing it lower 👀