✨$BP This upward cycle started on September 20. The sell-pressure from the first wave of unlocks has already begun circulating in the market, and the second wave of sell-pressure will start at 8:00 PM on October 1 (UTC+8)
On September 28: the pledged ratio was 55.8%, down 5.2%, about 13 million coins
On the 29th: the pledged ratio was 55.5%, down 0.3%, about 750,000 coins
On the 30th (to date): the pledged ratio was 55.4%, down 0.1%, about 250,000 coins
Recently, the unlocked-amount ratio has shown signs of stabilizing, but the amount unlocked earlier was still too large. If there isn’t a strong buyer stepping in, the price is likely to fall below 1u within the next 3 days.
BP holders, an opportunity to buy the dip is coming soon.
#backpack
On September 28: the pledged ratio was 55.8%, down 5.2%, about 13 million coins
On the 29th: the pledged ratio was 55.5%, down 0.3%, about 750,000 coins
On the 30th (to date): the pledged ratio was 55.4%, down 0.1%, about 250,000 coins
Recently, the unlocked-amount ratio has shown signs of stabilizing, but the amount unlocked earlier was still too large. If there isn’t a strong buyer stepping in, the price is likely to fall below 1u within the next 3 days.
BP holders, an opportunity to buy the dip is coming soon.
#backpack
