📉 Monero took a hit after Qubic briefly reached 51% mining control in a stress test (not a hostile takeover). The event spooked traders, leading to sell pressure and a short-term drop in $XMR.

But here’s the twist—on-chain data shows whales are accumulating, and the market is heavily short-biased. That’s a setup that could spark a short squeeze and a strong rebound 📈💥

Key factors to watch: Qubic’s hashrate share and the balance between short vs long positions. A sentiment shift could send Monero on a rally. Bulls aren’t out of the game yet 🐂🔥

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