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$LINK and $ONDO are both red. That’s where the similarity ends.
$LINK fell 4.45%, yet its Smart Money longs are still sitting on almost +$1M. Long exposure is nearly 4x larger than shorts.
$ONDO looks much messier. Positions are almost perfectly split at $16.9M vs $17.1M, while the long side has already accumulated -$708K in unrealized losses.
If I had to choose which chart deserves more attention after this sell-off, it’s $ONDO. That balance looks fragile.
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