$ORDI High-position meat grinder: 666 long positions are in profit of 310,000, 364 short positions are holding 1.44 million——whoever blinks first loses

$ORDI ORDI is currently quoted at $4.969, and the 24-hour increase is still as high as +84%. The price is consolidating in a high range, and the standoff between bulls and bears has entered its most intense stage.
$ORDI ‌
On the current market, the 666 long traders are in profit. Their total open position amount is 3.54 million USDT, with an average opening price of $4.53, and unrealized profits totaling $313,000. On the other side, 364 short traders are bearing losses, but their total open position amount is as high as 6.13 million USDT, with an average opening price of only $3.80, and unrealized losses totaling $1.442 million.

The winning or losing hand is hidden in this set of data: the number of shorts is smaller, but their position size is nearly twice that of the longs. A large amount of shorts have entered heavily in the initial 3 to 4 dollar range as the rally began. They are now deeply trapped, but strong liquidation has not been triggered yet. Once the price breaks above the dense liquidation cluster above $5.2, these 6.13 million short positions will instantly change from “holding the line” to “fuel,” igniting the second round of short squeeze.

Risk is also at the longs’ feet. The RSI across two cycles has already surged into the extreme overbought zone above 90. The funding rate has remained persistently negative, and signals of a muted move that is still pushing higher are starting to appear faintly. If the shorts manage to stubbornly hold and the price falls back below $4.5, the longs’ floating profits will rapidly evaporate.

On ORDI’s trading table, the 6.13 million chips held by the 364 short positions are hanging in midair—it is a noose for the shorts, and it could also become a trap for the longs chasing higher. Whoever blinks first is out.
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