Can someone explain this? BTC mooned, but the amount of longs are down 22%. Did one whale just pump us from 5,900 to 8,300 then close his long? Are we only going down from here?
Why did Longs just get WIPED?
Hunter Edwards
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Andrew Scott
profit taking. don't wana get too greedy
Cameron Taylor
Smart money is closing longs between here and 9k
Rmotionsl fomo retails are buying,
Btw, going long on alts is the same as shorting btc. Guess what happens next? Who did you think were buying your alts at discount whrn you fomoed into btc?
Andrew Cruz
longs from 5,7-6,3 are taking profits at this level this also frees up funds for further longs. This is a good sign that this is a true trend reversal
Joseph Perry
because you are supposed to short now
Jack Mitchell
Im about to enter a short
Landon Hall
Most alts are scam coins.
Caleb Young
This. People are dumping their btc gains into alts AS WE SPEAK
Jonathan Moore
None of this is new money. It's just people moving money from alts to BTC
Owen Ross
Keep dreaming.
Alts are in for another ass rape.