Covalent|Aug 28, 2026 05:03
xyz:GOLD just printed its biggest liquidation bar of the month.
Just over $1M in a single day, against a $4.17M 30-day total.
The book was heavily short going in, with ~66% short and $85M+ in net short positioning.
The crowded side finally got squeezed.
Data from @goldrushdev(Covalent)
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