$XNY update:


The Short thesis keeps getting stronger
Smart traders hold $1.04M in Shorts vs just $145K in Longs
Whales are even more aggressive: $3.29M in Shorts vs $478K in Longs
The profitability tells the same story: 83.5% of smart shorts are in profit. Only 8% of smart longs are profitable
The order flow is still heavily dominated by sellers
This remains a high conviction bearish setup until that positioning changes
XNY-4.60%
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