Whale Accumulation Signals Potential Short Squeeze in WAL
On-chain positioning reveals a clear shift in control toward long-side dominance. Long whales increased positions by 14.6%, bringing total long holders to 94, with an average entry near $0.1581—almost exactly at current price levels.
In contrast, short whales are under pressure. Their average entry sits at $0.1614, and exposure has dropped by 26%, suggesting defensive positioning as price approaches resistance. A clean break above this zone could trigger forced covering and fuel a short squeeze.
Supporting this outlook, the Binance Top Trader Long/Short ratio rose to 1.32, reflecting disciplined accumulation rather than speculative chasing. This alignment between whale behavior and trader sentiment increases the probability of upside continuation if resistance breaks.@Walrus 🦭/acc #walrus $WAL
