$BTW 101 million BTW tokens will be unlocked at 4 p.m. today. Long or short?
In Brother Nan’s view, altcoins tend to rally strongly whenever their tokens are unlocked—especially highly controlled coins where the top 10 addresses hold 96% of the total supply.
An unlock means previously locked tokens are released. The sudden increase in the market supply makes it easy for prices to be dumped and fall.
The market makers will first push the price up to attract buyers, then dump it. Spot market funds are currently continuing to flow in, and 1.0170 is strong hourly-chart support. Brother Nan is taking a small long position at the current price of 1.0697, targeting 1.1775, with a stop-loss if the 1.0170 support level breaks.
#币安已处理46.5亿美元提款
In Brother Nan’s view, altcoins tend to rally strongly whenever their tokens are unlocked—especially highly controlled coins where the top 10 addresses hold 96% of the total supply.
An unlock means previously locked tokens are released. The sudden increase in the market supply makes it easy for prices to be dumped and fall.
The market makers will first push the price up to attract buyers, then dump it. Spot market funds are currently continuing to flow in, and 1.0170 is strong hourly-chart support. Brother Nan is taking a small long position at the current price of 1.0697, targeting 1.1775, with a stop-loss if the 1.0170 support level breaks.
#币安已处理46.5亿美元提款
