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Meilin (美林 / 美琳)
I thought the rebound was an opportunity, but looking at the data, the bulls are already packed full.
BTC, ETH, and SOL long borrow volumes have surged simultaneously, while short borrow volumes are very low. The leverage long-short ratio spiked then fell back, showing too much consistency, so be wary of concentrated shakeouts.
Let's look at the data:
$BTC: Long borrow volume 1559.48 BTC, short borrow volume 52.12 BTC
$ETH: Long borrow volume 18,900 ETH, short borrow volume 689.69 ETH
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