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Just analyzed trading data on $SNEK, $NIGHT, and $ADA on Strike.
Out of 15 traders on $SNEK, only ONE is betting against it.
Here's why that's terrifying:
- Massive concentrated liquidation risk on any dump
- When it drops, everyone bleeds at once
- If momentum returns, it can pump violently with zero resistance
The numbers tell the real story.
- SNEK traders have a 51.61% win rate.
- Fewer recent liquidations than the others.
- Better performance metrics despite being down.
- Most of the long liquidations happened in one brutal drop.
It's the highest risk, highest potential asymmetry play of the three.
When everyone's on the same side of the boat, it either rockets or capsizes. No in between.
What's your take on these markets and are you bullish on them?