BTW shocker! Does a single address control 78% of the supply? The truth behind Bitway ($BTW )’s price manipulation after hitting a new all-time high of 2.75!
Bitway (BTW) surged to $2.75 intraday, setting a new all-time high, and has now pulled back to $2.4945 (+32.98%). It’s up a whopping 60% over the past 7 days!
The token distribution is extremely risky:
1. Extremely high concentration: On-chain data shows that just 1 address holds 78% of the total supply of 10 billion tokens, while the top 33 addresses control as much as 99.74%!
2. Severely overbought indicators: The 7-day RSI is as high as 85, and the current price is far above the 200-day moving average (around $0.3800).
Conclusion: This is a classic case of “extreme control and a one-way pump,” not buying by a broad base of retail investors. $2.000 is the dividing line at the day’s opening price; a break below it would signal a failed record run. With ownership so highly concentrated, all it takes is one large sell order to crash the price. Do not hold positions overnight under any circumstances!
#BTW #Bitway #庄家控盘 #筹码集中度
$BTW
Bitway (BTW) surged to $2.75 intraday, setting a new all-time high, and has now pulled back to $2.4945 (+32.98%). It’s up a whopping 60% over the past 7 days!
The token distribution is extremely risky:
1. Extremely high concentration: On-chain data shows that just 1 address holds 78% of the total supply of 10 billion tokens, while the top 33 addresses control as much as 99.74%!
2. Severely overbought indicators: The 7-day RSI is as high as 85, and the current price is far above the 200-day moving average (around $0.3800).
Conclusion: This is a classic case of “extreme control and a one-way pump,” not buying by a broad base of retail investors. $2.000 is the dividing line at the day’s opening price; a break below it would signal a failed record run. With ownership so highly concentrated, all it takes is one large sell order to crash the price. Do not hold positions overnight under any circumstances!
#BTW #Bitway #庄家控盘 #筹码集中度
$BTW