$BTW As soon as contract open interest dropped, quite a few people really thought the shady market makers had run off, and panicked into selling at a loss. But this was precisely an illusion created by the big players—a misdirection.
Take a look at the actual on-chain data: addresses linked to the project are aggressively buying at the bottom, repeatedly moving the same funds around, and the net inflow over 24 hours is striking. Retail traders are selling at a loss while the big players quietly accumulate. The market has now been thoroughly shaken out, and the price has tested the resistance above three times, only to be forcibly dragged back each time. That shows it simply can’t be pushed any lower. The tokens are highly concentrated, and this is most likely the final shakeout before takeoff. Next could well be one last explosive pump, taking it straight for a new all-time high. I’m bullish.
Take a look at the actual on-chain data: addresses linked to the project are aggressively buying at the bottom, repeatedly moving the same funds around, and the net inflow over 24 hours is striking. Retail traders are selling at a loss while the big players quietly accumulate. The market has now been thoroughly shaken out, and the price has tested the resistance above three times, only to be forcibly dragged back each time. That shows it simply can’t be pushed any lower. The tokens are highly concentrated, and this is most likely the final shakeout before takeoff. Next could well be one last explosive pump, taking it straight for a new all-time high. I’m bullish.