Heâll yeee! $BTW At $2.70?! đł This rally is getting dangerous for both sides.
Look at the numbers. The big LONG holders have an average cost of just $0.584, while the big SHORT holders entered around $1.25. One side is sitting on massive profits, the other is getting squeezed hard.
And in the last 24 hours alone, $3.1M in short positions have been liquidated. đ„
That forced buying has been helping push $BTW higher, but hereâs the catchâŠ
The whales are already taking profits.
After a run this big, even a wave of selling could trigger a nasty reversal. Shorts getting squeezed has driven the price up, but profit-taking could change the picture just as quickly.
$BTW is flying right now, but donât assume these green candles can last forever. đâŹïžâŹïžâŹïž
Look at the numbers. The big LONG holders have an average cost of just $0.584, while the big SHORT holders entered around $1.25. One side is sitting on massive profits, the other is getting squeezed hard.
And in the last 24 hours alone, $3.1M in short positions have been liquidated. đ„
That forced buying has been helping push $BTW higher, but hereâs the catchâŠ
The whales are already taking profits.
After a run this big, even a wave of selling could trigger a nasty reversal. Shorts getting squeezed has driven the price up, but profit-taking could change the picture just as quickly.
$BTW is flying right now, but donât assume these green candles can last forever. đâŹïžâŹïžâŹïž