A monstrous multi-billion dollar institutional execution wall has been established on Bitcoin, and blind retail dip-buyers are the main course.
Staring at the monumental raw backend data for $BTC right now, the sheer scale of the trap is downright terrifying. Bitcoin is printing a seemingly minor down-tick of -1.01% at $58,676, but behind closed doors, elite global cartels are executing a flawless masterclass in distribution. The Notional Long/Short Ratio has completely disintegrated to an abysmal 24.31% among whales. We are witnessing an army of 1,089 mega-whales weaponize a mind-boggling $3.33 billion in heavy short positions, completely suffocating the buy side.
The carnage is total, multi-billion dollar destruction. These elite short-selling whales are already swimming in an untouchable $275.63 million of pure, untouchable profit, boasting a near-flawless 94.94% win rate. Meanwhile, 476 over-leveraged long whales are trapped underwater, hemorrhaging an apocalyptic $175.02 million in agonizing losses with a miserable 8.19% profitability rate. Personally, staring at this $3.3 billion institutional short firing squad, I am completely abandoning all bullish hope. I am going short because stepping in front of a three-billion-dollar whale dump is pure financial suicide. Move with the global elites before the entire floor drops out.
Staring at the monumental raw backend data for $BTC right now, the sheer scale of the trap is downright terrifying. Bitcoin is printing a seemingly minor down-tick of -1.01% at $58,676, but behind closed doors, elite global cartels are executing a flawless masterclass in distribution. The Notional Long/Short Ratio has completely disintegrated to an abysmal 24.31% among whales. We are witnessing an army of 1,089 mega-whales weaponize a mind-boggling $3.33 billion in heavy short positions, completely suffocating the buy side.
The carnage is total, multi-billion dollar destruction. These elite short-selling whales are already swimming in an untouchable $275.63 million of pure, untouchable profit, boasting a near-flawless 94.94% win rate. Meanwhile, 476 over-leveraged long whales are trapped underwater, hemorrhaging an apocalyptic $175.02 million in agonizing losses with a miserable 8.19% profitability rate. Personally, staring at this $3.3 billion institutional short firing squad, I am completely abandoning all bullish hope. I am going short because stepping in front of a three-billion-dollar whale dump is pure financial suicide. Move with the global elites before the entire floor drops out.