Think W breaking above $0.03 means a new rally? Retail traders are still lining up to chase the highs, while the whales have already hit the cash-out button.
Retail long positions are still stubbornly high at 64%, but the whales’ long/short ratio has plunged to 1.20. Whales with an average entry price of $0.0145 and double-digit unrealized gains are dumping 3.27 million tokens above $0.029 to cash out. The daily RSI has also surged to an extremely overbought 87.8. Portal and NTT’s core functions don’t even require W tokens, so this explosive rally with zero value capture still faces a dump when 50.41 million tokens unlock on October 16.
This bull trap is an exit route for big money. Take profits on all existing longs on the rebound and stay on the sidelines.
#比特币重回8.4万美元 #W $W
#S $S
👇
Retail long positions are still stubbornly high at 64%, but the whales’ long/short ratio has plunged to 1.20. Whales with an average entry price of $0.0145 and double-digit unrealized gains are dumping 3.27 million tokens above $0.029 to cash out. The daily RSI has also surged to an extremely overbought 87.8. Portal and NTT’s core functions don’t even require W tokens, so this explosive rally with zero value capture still faces a dump when 50.41 million tokens unlock on October 16.
This bull trap is an exit route for big money. Take profits on all existing longs on the rebound and stay on the sidelines.
#比特币重回8.4万美元 #W $W
#S $S
👇