Institutional Breakdown: $PAXG
On-chain metrics reveal a massive supply shock on the sell-side. Short positions are overwhelming the bulls by 2:1. When 86% of shorts are in profit, they don’t exit—they push for more.
Shorting the 5107 range.
Targeting the 5k level.
Macro structure is officially broken.
PAXGUSDT
Perp
4,630
-1.40%