Smart money $ENSO , now the screen is filled with "bulls winning big", with 75% of whales and traders counting their money. But if you look closely: the average cost for shorts is only $1.47, and even with such a rise, 40% of them are still holding on and not cutting losses! What does this indicate? Either these people are fools, or they have a card up their sleeve, betting that this project is not worth this price!
Even more bizarre, the long-short ratio has warped to 3 to 1. Almost everyone in the market is crammed onto the bullish boat, especially heavy positions from whales. Think about it: when the boat is filled with people making a fortune, what will they do next? They won't steer the boat to the moon; instead, they'll jump ship to cash out! When whales offload, a price crash will come immediately.
Those losing shorts now are like wolves pushed to desperation, either they will get liquidated (which will instantly pull a needle), or they will grit their teeth and add margin waiting for a counterattack—either way, it will trigger severe volatility.
My judgment can be summed up in one sentence: a bloody correction is inevitable in the short term! This is not a healthy rise at all, but a fragile balance under the bulls' revelry. Whales have already started looking for the button; once the first large order takes profits, the follow-up selling will be like an avalanche.
The market loves to do one thing: just when everyone is raising their glasses in celebration, it suddenly flips the table. Now, the glass has been raised to the highest. $ENSO
