150 billion, guys! I can't believe an altcoin could reach such a huge market cap. I'm stunned.
This token, $BTW , has hit an FDV of $23.2 billion—over 155 billion yuan—and shot straight up to No. 16 in the market cap rankings. I looked back at the biggest meme coins from before—PEPE, ORDI, SATS—and even at their peaks, none reached this level. What does this project even do? It only launched on BSC in March. Its lowest price was $0.0076, and it’s up 3,824% in 90 days. It’s all vaporware.
Now look at the trading activity: the 24-hour volume of 567 million USDT looks pretty intimidating, but there were 6.89 million trades in a single day—over 80 trades per second on average. Can real people actually generate that kind of activity? It’s all bots placing orders and wash trading. The funding rate is even more ridiculous: after a 38x run, it’s only 0.005%, as if nothing’s happening. Clearly, long and short bots are trading against each other to flatten the rate and fool outsiders into thinking there’s “no bubble.”
The long/short ratio is interesting too: 72% of accounts across the market are short, and 75% of top traders’ accounts are short. But longs account for 63% of the open interest by value—just a few whales are placing huge long positions to prop up the price, while all the real traders are on the other side. Only 29% of the supply is circulating; 71% is still in their hands and could be dumped at any moment. It just hit an all-time high of $2.75 yesterday, and today it plunged straight back to $2.30, with a low of $2.06.
Hoping to double your money from here? An FDV of 300 billion yuan? What could a project with nothing behind it possibly be worth? I think $0.20–$0.30 is a fair valuation. From here, that means at least a 90% crash. Let’s wait and see.
I’ve already placed a few short orders around $2.30, but with low leverage—no more than 3x, absolutely no high leverage. I’m willing to bet on the direction, but the market maker could always pull another sudden spike and liquidate me, so I’m keeping my position small and my stop-loss wide. Catching the main downtrend is enough.
Anyone else bearish on this token? Do you think it can hold above $2? Let’s talk in the comments.
$BTW #Bitway #做空 #合约 #山寨币 #MemeCoin
This token, $BTW , has hit an FDV of $23.2 billion—over 155 billion yuan—and shot straight up to No. 16 in the market cap rankings. I looked back at the biggest meme coins from before—PEPE, ORDI, SATS—and even at their peaks, none reached this level. What does this project even do? It only launched on BSC in March. Its lowest price was $0.0076, and it’s up 3,824% in 90 days. It’s all vaporware.
Now look at the trading activity: the 24-hour volume of 567 million USDT looks pretty intimidating, but there were 6.89 million trades in a single day—over 80 trades per second on average. Can real people actually generate that kind of activity? It’s all bots placing orders and wash trading. The funding rate is even more ridiculous: after a 38x run, it’s only 0.005%, as if nothing’s happening. Clearly, long and short bots are trading against each other to flatten the rate and fool outsiders into thinking there’s “no bubble.”
The long/short ratio is interesting too: 72% of accounts across the market are short, and 75% of top traders’ accounts are short. But longs account for 63% of the open interest by value—just a few whales are placing huge long positions to prop up the price, while all the real traders are on the other side. Only 29% of the supply is circulating; 71% is still in their hands and could be dumped at any moment. It just hit an all-time high of $2.75 yesterday, and today it plunged straight back to $2.30, with a low of $2.06.
Hoping to double your money from here? An FDV of 300 billion yuan? What could a project with nothing behind it possibly be worth? I think $0.20–$0.30 is a fair valuation. From here, that means at least a 90% crash. Let’s wait and see.
I’ve already placed a few short orders around $2.30, but with low leverage—no more than 3x, absolutely no high leverage. I’m willing to bet on the direction, but the market maker could always pull another sudden spike and liquidate me, so I’m keeping my position small and my stop-loss wide. Catching the main downtrend is enough.
Anyone else bearish on this token? Do you think it can hold above $2? Let’s talk in the comments.
$BTW #Bitway #做空 #合约 #山寨币 #MemeCoin