#earningsseason đš $BTW: 10X IN JUST 60 DAYS â BUT THEREâS A RISK
$BTW has surged nearly 10x over the past two months, which is impressive. But after looking deeper, there are a few reasons why traders should remain cautious.
đč No major catalyst
Unlike some moves driven by clear events or narratives, there doesnât appear to be a major fundamental event behind this rally.
đč Wallet concentration
Bubblemaps data reportedly shows a linked-wallet cluster controlling 500M+ $BTW. With roughly 2.8B $BTW in circulation, including liquidity pools and exchange balances, thatâs a significant amount.
đč Upcoming unlock
CMC data indicates around 101.62M $BTW could be unlocked on October 2.
After a 10x move, volatility can be extreme. The unlock and concentrated holdings are worth watching closely.
Not saying $BTW must dump â just highlighting the risks.
DYOR. Manage risk carefully. â ïž
#BTW #Crypto #BinanceSquare #btw
$BTW has surged nearly 10x over the past two months, which is impressive. But after looking deeper, there are a few reasons why traders should remain cautious.
đč No major catalyst
Unlike some moves driven by clear events or narratives, there doesnât appear to be a major fundamental event behind this rally.
đč Wallet concentration
Bubblemaps data reportedly shows a linked-wallet cluster controlling 500M+ $BTW. With roughly 2.8B $BTW in circulation, including liquidity pools and exchange balances, thatâs a significant amount.
đč Upcoming unlock
CMC data indicates around 101.62M $BTW could be unlocked on October 2.
After a 10x move, volatility can be extreme. The unlock and concentrated holdings are worth watching closely.
Not saying $BTW must dump â just highlighting the risks.
DYOR. Manage risk carefully. â ïž
#BTW #Crypto #BinanceSquare #btw