🚨 A cautious take｜$BATUSDT and $TRUTHUSDT have just fallen from the “mid-rally” tier back into the “pre-surge” tier. This often signals that major players have sold off and are accumulating again.
Position data: BAT holdings are 15.7M USDT, up 165% over 30 days; TRUTH holdings are 9.2M USDT, up 16% over 30 days. BAT is clearly seeing heavier positioning from major players, but TRUTH’s 30-day gain of just 15% makes it look “cleaner”—it hasn’t been pumped ahead of time.
But here’s the unpleasant truth: BATUSDT’s funding rate of -0.36% means shorts are paying longs. It’s still unclear whether this is a bear trap to attract shorts before accumulating, or a genuine rally. If you chase around 0.18, don’t blame me if a 10% wick takes you out within half an hour. Keep your position size at ≤3%, with a stop-loss below 0.16.
#Crypto
Position data: BAT holdings are 15.7M USDT, up 165% over 30 days; TRUTH holdings are 9.2M USDT, up 16% over 30 days. BAT is clearly seeing heavier positioning from major players, but TRUTH’s 30-day gain of just 15% makes it look “cleaner”—it hasn’t been pumped ahead of time.
But here’s the unpleasant truth: BATUSDT’s funding rate of -0.36% means shorts are paying longs. It’s still unclear whether this is a bear trap to attract shorts before accumulating, or a genuine rally. If you chase around 0.18, don’t blame me if a 10% wick takes you out within half an hour. Keep your position size at ≤3%, with a stop-loss below 0.16.
#Crypto