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$740k with 3x leverage precisely bottom-fished at 262. This bounce has brought the highest book profit for longs, and they really do have something—but the large-position long-short ratio is 0.91, showing that divergence is still there. The longs with an average price of 271 still haven’t fully broken even yet.
An on-chain trader took profit on a short position at the low of $252 and then opened a long position with 3x leverage, average price around $262, size about $740k, becoming the long with the highest paper profit in this rebound.
Large positions remain relatively balanced, shorts about $2.4 million, longs about $2.6 million, short/long notional ratio 0.91, large long average price $271.74, large short $277.23.