30.584 million $BTW (worth $36.1 million) have just entered circulation.
On-chain monitoring shows that the Binance airdrop distribution wallet transferred all 30.584 million BTW to a brand-new address over the past few hours.
These tokens have not yet been deposited into an exchange, nor have they been split across multiple wallets to obscure the movement of funds.
My view on $BTW hasn’t changed. Before this show is over, market makers will likely set another short trap to lure many people into taking heavily leveraged short positions.
The price has rebounded from $0.87 to $1.31, but this large token unlock sends a clear signal: market makers are laying the groundwork for a short squeeze.
Don’t rush into a trade just yet. Wait patiently for signs of funds flowing into exchanges before making a decision.
On-chain monitoring shows that the Binance airdrop distribution wallet transferred all 30.584 million BTW to a brand-new address over the past few hours.
These tokens have not yet been deposited into an exchange, nor have they been split across multiple wallets to obscure the movement of funds.
My view on $BTW hasn’t changed. Before this show is over, market makers will likely set another short trap to lure many people into taking heavily leveraged short positions.
The price has rebounded from $0.87 to $1.31, but this large token unlock sends a clear signal: market makers are laying the groundwork for a short squeeze.
Don’t rush into a trade just yet. Wait patiently for signs of funds flowing into exchanges before making a decision.
