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BITCOIN_
$AVAX shorts are heavily stacked, but there's a catch.
Despite controlling most of the positioning, less than half of them are actually profitable. Meanwhile, more than half of the longs are still in profit.
That's not the kind of setup where I'd blindly follow the bears.
I'm leaning bearish while fresh selling keeps outweighing buying. But if AVAX starts pushing higher, this crowded short side could become a problem fast.
Bears have the size. They don't have complete control.
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