Nutty أُعيد تغريده

$TRB
Not really surprised by this run up really, especially when you dig into the market data / positioning behind price action
Often these runs are completely orchestrated
For instance spot bid sparked the entire run, as well very clear TWAP perp bid (longs)
Retail is used as both liquidity for momentum & exit liquidity (closing longs into retail shorts covering)
>So when shorts covering becomes the flow; longs can be cut with minimal price impact
Always starts with a spot bid ~ taker bid
Note the first high
- price sideways
- Large longs exit into the short covering / short liquidations
- sell off then kick the spot bid on again
Rinse and repeat
They did the same in this current run up
[corrected from previous post]

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