$BEAT 73%Longs are taking the bag; the project unlock-and-dump just won’t stop
The IP of “Dance Dance Revolution” with 600 million users—no matter how loudly the AI + dancing + NFT story is pitched, it can’t overcome the fact that 21.25 million tokens are unlocked every month. After the unlock in September, the project’s related addresses have kept transferring coins to the exchange. Retail investors chasing longs at high prices are all trapped. A “good news” unlock turns into a “bad news” dump—this cycle has been playing out for three months.
With only 26.53% in short positions and 73.47% in longs, the long/short ratio is 2.77—nearly 70% of retail traders are chasing longs, acting as the bag-holders. Position size isn’t rising but falling; the main players are luring prices up while distributing. A rally that turns into a drop leaves a long upper wick—the top structure is confirmed.
The IP of “Dance Dance Revolution” with 600 million users—no matter how loudly the AI + dancing + NFT story is pitched, it can’t overcome the fact that 21.25 million tokens are unlocked every month. After the unlock in September, the project’s related addresses have kept transferring coins to the exchange. Retail investors chasing longs at high prices are all trapped. A “good news” unlock turns into a “bad news” dump—this cycle has been playing out for three months.
With only 26.53% in short positions and 73.47% in longs, the long/short ratio is 2.77—nearly 70% of retail traders are chasing longs, acting as the bag-holders. Position size isn’t rising but falling; the main players are luring prices up while distributing. A rally that turns into a drop leaves a long upper wick—the top structure is confirmed.