$BICO Wow, directly blew it up! Everyone who got on board with the longs is already eating big. The market cap is still under $20M, so with such a small float it doesn’t take much buying to send the price flying. Funding has dropped to around -2 with hourly settlement, yet the liquidation wave hasn’t even started. A lot of big short positions are already trapped. If the negative funding stays in place, the bears could keep getting squeezed again and again, and a 2x move is still on the table. Keep holding the longs!
