BICO spiked to 0.0316 in one go yesterday, up 34% in a day. This morning it pulled back 4.7% again—looks like it might be ready for another round. But don’t be fooled first by the 58% surge in open interest. Nearly all the newly entered contracts in this wave are short positions: the funding rate stays negative across all 8 windows the entire time, and the sell pressure is still weighing down the buy pressure.
The real signal is in the large orders. In the past 3 hours, there were 12 bars, and not a single large-order flow turned positive. Cumulatively, there have been more than 200 million coins net outflows. While the price is rising, big money is exiting in batches. On the spot side, all the “buyers” are mainly small and mid-sized orders—active buying at 1.92 is just retail stubbornness.
Even the whales are backing out. Over 7 hours, they cut long positions by 3.6%. The price is still 16% below the 1-day high and is down 12% while hovering under the 15-minute moving average. This round of action—rising from 0.018 to 0.0316, nearly an 80% gain—now appears to be a setup for distribution.
So go short. If the rebound reaches the 0.03 moving-average area, short again. First target is 0.024; if it breaks down, extend to 0.022. Place your stop loss above 0.0316. Only when large orders turn positive continuously, and the funding rate flips positive—forcing a squeeze—and the price reclaims 0.0316—then that’s the real new upside. Until then, acknowledge the loss and leave this trade. #bico $BICO
The real signal is in the large orders. In the past 3 hours, there were 12 bars, and not a single large-order flow turned positive. Cumulatively, there have been more than 200 million coins net outflows. While the price is rising, big money is exiting in batches. On the spot side, all the “buyers” are mainly small and mid-sized orders—active buying at 1.92 is just retail stubbornness.
Even the whales are backing out. Over 7 hours, they cut long positions by 3.6%. The price is still 16% below the 1-day high and is down 12% while hovering under the 15-minute moving average. This round of action—rising from 0.018 to 0.0316, nearly an 80% gain—now appears to be a setup for distribution.
So go short. If the rebound reaches the 0.03 moving-average area, short again. First target is 0.024; if it breaks down, extend to 0.022. Place your stop loss above 0.0316. Only when large orders turn positive continuously, and the funding rate flips positive—forcing a squeeze—and the price reclaims 0.0316—then that’s the real new upside. Until then, acknowledge the loss and leave this trade. #bico $BICO
