Remora Report, pump over going short

Remora Report 4/2-4/8 Swim with the whale and share its meal or be eaten like a minnow *living thread through the week, things change over time***


Earlier today we say close to 1billion in stable coins moved into exchanges, this proved the pump now
The open interest dropped and now so will the price, longs are closing our on longs vs shorts
twitter.com/whale_alert

We should trend sideways around 3500 for the coming days and options expiry on the weekly shows a drop by 4/8/22 to $3200 *this price will change over time

SO we should see lower lows after potentially Tuesday
www.coinoptionstrack...ns/ETH/open-interest

Comment:

The MAx pain price forthe 4/5/22 expiry ( 9 hours from now) is 3500
The price will gravitate to that point now




What Is Max Pain?
Max pain, or the max pain price, is the strike price with the most open options contracts (i.e., puts and calls), and it is the price at which the stock would cause financial losses for the largest number of option holders at expiration.

The term max pain stems from the maximum pain theory, which states that most traders who buy and hold options contracts until expiration will lose money.

KEY TAKEAWAYS
Max pain, or the max pain price, is the strike price with the most open contract puts and calls and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
The Maximum Pain theory states that an option's price will gravitate towards a max pain price, in some cases equal to the strike price for an option, that causes the maximum number of options to expire worthless.
Max pain calculation involves the summation of the dollar values of outstanding put and call options for each in-the-money strike price.

www.investopedia.com/terms/m/maxpain