$TAO's data is strong, but caution is advised. Avoid blindly chasing the rally when HC reaches extreme levels and SM faces headwinds…
- Concentration of Positions: HC surges to a new high—indicating large long positions accumulated by large account traders 🧐.
- Whale Hunters: WH also surged (highlighted), confirming a large influx of open interest and potentially whale positions.
- Squeeze Momentum: SM continues its downward trend, suggesting the bull market is nearing its end.
- Liquidation Chart: LM shows a large number of short positions around $466 and a large number of long positions around $510-$520.
However, if HC and WH can hold, @bittensor may be about to enter a new upward trend…
More token alpha data worth watching 👇🏻