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rainiee
$WLD position data is getting interesting.
Long exposure is nearly 6× the short side—over $40M vs. roughly $7M.
Even after an 8.6% drop, those positions haven’t materially changed. That tells me the leverage is still sitting there.
At $0.5158, I’m not chasing the move. I’m watching whether that crowded long side finally starts unwinding.
No bottom-fishing here. If support breaks and longs begin capitulating, I’ll look for the short.
#WinklevossZcashETF #SepFOMCRateHikeOutlook
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