The E contract’s positions have indeed squeezed a lot of people during this decline!
The positions decreased from 41.5 billion to 34.7 billion, a reduction of 6.8 billion USD!
Clearing around 2300 has liquidated all the short-term longs, and having positions down by 2 billion USD is very reasonable!
Below 1800, the long positions can only be observed, as it is still quite far away!
If it can reach 1700, I would be laughing my head off!
Looking at the long term, there’s still a chance it could liquidate down to 1700!
After all, E can pull off anything!
