The bulls on $SIREN are being ruthlessly slaughtered, and the smart money is holding the knife!
The chart shows a seemingly standard -3.70% drop to 0.5028000, but the underlying data is an absolute horror story for buyers. Out of 94 whales moving $1.94M, the bears are in total control. The Notional Long/Short ratio is sitting at a weak 49.40%, proving that the heavy hitters are aggressively betting on a deeper crash.
Look at the brutal reality of the battlefield: 36 Long whales are trapped, bleeding out over -$72K in unrealized losses with a $643.97K bag from a terrible 0.559 entry. Meanwhile, 58 Short whales are mercilessly crushing them. They stacked a massive $1.30M in positions from the 0.685 top and are currently laughing to the bank with a staggering +$472K in pure, unrealized profit!
The long capitulation hasn't even fully triggered yet, and retail is blindly hoping for a magical bounce. I am not catching this falling knife. I am going short with the 58 dominant whales before the floor completely falls out and this bloodbath accelerates. The real dump is just getting started!