The market is dumping long positions. CoFo Scout movements show unloading indicators.

Analysis of CoFo Scout readings

Local long dominance persists but slightly weakening.

Longs shift to medium-term frames but strong shorts remain, continuing higher timeframe pressure. Global longs still dominate.

Signal parity by count but shorts prevail by insignificant strength edge.

On BTC, short prevalence but weak signal intensity. Unloading medium-term shorts.

Mixed altcoins — some shifted dominant direction to longs. Locally weak two-way signals. Medium-term and global pictures match BTC.

Summary

Correction wave formation underway. CoFo Scout reflects locally so far. Some assets show medium-term pullbacks. But relevant uptrend persists.