BEDROCK $BR JUST RAN +159% — BUT 78% OF TOP TRADERS ARE SHORT
BR is trading around $0.65 after a massive move from $0.20 to a 24H high of $0.7137.
The interesting part is positioning: Top Trader accounts are heavily short, with 78.38% Short vs 21.62% Long.
That creates a potential short-squeeze risk if buyers keep pushing higher.
But there is another major factor: BR has a scheduled token unlock on September 20. Current sources estimate roughly 40.6M BR will be released to the founding team and seed investors, adding potential supply pressure.
Key levels: Support: $0.60–$0.62 Resistance: $0.714 Major breakout zone: $0.714+
BR is now sitting between strong momentum and upcoming supply pressure.
The next few days could be critical for price discovery.
Not financial advice. Do your own research.
#FedRateWatch #ZcashHoldersBackNU7Upgrade #MSTRTradingVolumeSurpassesMorganStanley #BitcoinFalls4%
BR is trading around $0.65 after a massive move from $0.20 to a 24H high of $0.7137.
The interesting part is positioning: Top Trader accounts are heavily short, with 78.38% Short vs 21.62% Long.
That creates a potential short-squeeze risk if buyers keep pushing higher.
But there is another major factor: BR has a scheduled token unlock on September 20. Current sources estimate roughly 40.6M BR will be released to the founding team and seed investors, adding potential supply pressure.
Key levels: Support: $0.60–$0.62 Resistance: $0.714 Major breakout zone: $0.714+
BR is now sitting between strong momentum and upcoming supply pressure.
The next few days could be critical for price discovery.
Not financial advice. Do your own research.
#FedRateWatch #ZcashHoldersBackNU7Upgrade #MSTRTradingVolumeSurpassesMorganStanley #BitcoinFalls4%
