$QNT update
Last update: whale shorts quadrupled to $18.39M. Since then they have barely changed.
Futures traders have been selling QNT at market for a week straight, about $38M net. Price barely moved.
That looks more like someone absorbing the selling than a breakdown.
Above 263: whale shorts start losing, and that becomes fuel for a move up
Below 236: buyers stopped absorbing, and the selling wins
#qnt #qntusdt