Retail traders shorting $SLX right now are just donating their hard-earned money to the market.
Look closely at the data: 67 shorting whales are currently getting absolutely decimated, trapped in a brutal $521K unrealized loss trying to fight a massive +44.74% upward rally. Meanwhile, 65 smart-money long whales are completely dominating, sitting comfortably on +$484K in green. With a heavy long/short notional ratio of 113.36% and a total whale open interest of $4.28M, the momentum is undeniably aggressive.
The short squeeze is accelerating, and with a positive funding rate counting down, anyone standing in front of this train is asking for liquidation. Personally, I am riding the long side heavily because fighting this kind of whale volume is absolute madness. Move fast or get left behind.
Look closely at the data: 67 shorting whales are currently getting absolutely decimated, trapped in a brutal $521K unrealized loss trying to fight a massive +44.74% upward rally. Meanwhile, 65 smart-money long whales are completely dominating, sitting comfortably on +$484K in green. With a heavy long/short notional ratio of 113.36% and a total whale open interest of $4.28M, the momentum is undeniably aggressive.
The short squeeze is accelerating, and with a positive funding rate counting down, anyone standing in front of this train is asking for liquidation. Personally, I am riding the long side heavily because fighting this kind of whale volume is absolute madness. Move fast or get left behind.