113 WHALES BOUGHT $VELVET AT $1.12 — NOW UP $8.8M 📊
On-chain data shows 113 whales holding long positions with a collective $8.8M in unrealized profit and zero tolerance for competition: the Long/Short ratio sits at 490.26%. That means for every one short contract, almost five long contracts are in play. Shorts have already lost $2.3M trying to fade this move.
Whale positioning this lopsided typically leads to either a fast continuation or a violent liquidity grab. The 490% ratio is an extreme outlier — the last three times on-chain long/short ratios crossed 400%, price squeezed higher within 48 hours.
Does a near 5:1 long skew make you more cautious or more confident in the trend?
Not financial advice. Always manage your risk.
#VELVET #WhaleActivity #BullishSetup #OnChainData #Altcoins
🔥
On-chain data shows 113 whales holding long positions with a collective $8.8M in unrealized profit and zero tolerance for competition: the Long/Short ratio sits at 490.26%. That means for every one short contract, almost five long contracts are in play. Shorts have already lost $2.3M trying to fade this move.
Whale positioning this lopsided typically leads to either a fast continuation or a violent liquidity grab. The 490% ratio is an extreme outlier — the last three times on-chain long/short ratios crossed 400%, price squeezed higher within 48 hours.
Does a near 5:1 long skew make you more cautious or more confident in the trend?
Not financial advice. Always manage your risk.
#VELVET #WhaleActivity #BullishSetup #OnChainData #Altcoins
🔥