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BITCOIN_
$SNDK is rallying, but the positioning tells a more interesting story.
Shorts still hold almost twice the exposure of longs, yet they're barely making money. Meanwhile, buyers are sitting on much healthier profits.
That's a dangerous setup for bears. If the rally keeps going, those crowded shorts could become fuel for another leg higher.
I'm bullish here. The real test is whether buyers can maintain control when shorts start feeling the pressure.
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