Weekend quick review of
$XPL position, long +126%+
That unlock wave worth nearly 10 million USD at the end of February—most people's first reaction upon seeing the news was to short blindly, but that's only first-level thinking.
The core reversal signal came down to three words: can't crash it.
With such massive obvious selling pressure, the market not only didn't collapse, but actually rallied against the trend by over 10 points. Once an extreme stress test like that passes, it means the cheap chips at the bottom had already been absorbed. When shorts discovered they couldn't crash it, panic