Longs are bleeding pretty heavily, while shorts continue to take profit, long and short term traders

Pretty interesting to see, while a lot of long term shorts have cashed out during the pump, scalpers have taken profits over the past 24 hours, average position hold length only 5 hours.

Interestingly, people trade differntly from what I thought, or at least shorts do, longs are more what I expected.

Trailing stops is my guess, it looks like they give up a bit of profit but close their positions on small pumps, most of the time those are followed by by a continuation so they closed early.

Probably market makers stop loss hunting around the wicks.

Longs have been hit super hard just these past few minutes and hours. Forced to close at a loss and been liquidated as well.