So guys, let me talk about the psychological movement on $BTW and what the next move could look like.
If you look at this token from the beginning, around 2–3 months ago the price was near $0.01, and now it’s trading around $1. That means it has already done almost 100x within just a few months.
Now people may think it will start crashing from here, so they are randomly opening shorts. But I’ll tell you one thing: this token has a good backend and a strong team behind it. I think it will crash eventually, but before that happens, we could see some crazy gameplay to liquidate shorts, longs, and basically everyone.
If you look at the market cap now, it’s around $2.5B, which is already huge. So I don’t think it will just keep pumping normally like crazy from here.
What it can do is a very quick pump. For example, it could move from $1 to $2 or even $3 within an hour, and then crash in the next hour toward $0.10–$0.20. In that kind of move, everybody gets liquidated, and people may not even get enough time to open a new trade or close their existing positions.
Another important thing: if you look at the open interest and price movement on this token, you can see that the price has crossed above the open-interest trend. In my view, that could be a warning sign that a major move or collapse may be getting closer.
So be careful with both longs and shorts. This kind of token can play with both sides before the real move happens.
If you look at this token from the beginning, around 2–3 months ago the price was near $0.01, and now it’s trading around $1. That means it has already done almost 100x within just a few months.
Now people may think it will start crashing from here, so they are randomly opening shorts. But I’ll tell you one thing: this token has a good backend and a strong team behind it. I think it will crash eventually, but before that happens, we could see some crazy gameplay to liquidate shorts, longs, and basically everyone.
If you look at the market cap now, it’s around $2.5B, which is already huge. So I don’t think it will just keep pumping normally like crazy from here.
What it can do is a very quick pump. For example, it could move from $1 to $2 or even $3 within an hour, and then crash in the next hour toward $0.10–$0.20. In that kind of move, everybody gets liquidated, and people may not even get enough time to open a new trade or close their existing positions.
Another important thing: if you look at the open interest and price movement on this token, you can see that the price has crossed above the open-interest trend. In my view, that could be a warning sign that a major move or collapse may be getting closer.
So be careful with both longs and shorts. This kind of token can play with both sides before the real move happens.
