Post
BITCOIN_
$SPCX has one of the most extreme short imbalances I've seen lately.
Almost all the capital is positioned short, yet the price is holding up and fresh buying is outpacing selling.
That's what makes this interesting. Bears have the size, but buyers are starting to challenge them.
I'm leaning bullish for a potential squeeze. If buying pressure continues, even profitable shorts could start closing.
The risk is that most shorts aren't underwater yet. This needs sustained demand.
SpaceX closes above $138 on November 13?56K vol
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
