Let me explain the $BICO rise and its next potential movement!
So, over the years, $BICO has been going down, down, down! If you look at the price chart and OI chart, you’ll see that open interest was super low while the price was up compared to the open interest.
Then, on 20 Jun 2026, we saw a big spike in $BICO open interest and also in price, but the price didn’t increase that much!
Then it crashed almost 90%—both open interest and price. So basically, this dump was to liquidate the longs! Everybody lost hope, got liquidated, or sold.
Then again, on 3 Aug, we saw a huge increase in open interest, and the price started rising too. Till now, both are still growing.
But here’s the interesting part: if you compare both open-interest spikes, you’ll see that this time OI increased even more, but the price still hasn’t broken the previous ATH!
So, as per my experience and thoughts, I think it will continue to rise to liquidate all the shorts!
So, over the years, $BICO has been going down, down, down! If you look at the price chart and OI chart, you’ll see that open interest was super low while the price was up compared to the open interest.
Then, on 20 Jun 2026, we saw a big spike in $BICO open interest and also in price, but the price didn’t increase that much!
Then it crashed almost 90%—both open interest and price. So basically, this dump was to liquidate the longs! Everybody lost hope, got liquidated, or sold.
Then again, on 3 Aug, we saw a huge increase in open interest, and the price started rising too. Till now, both are still growing.
But here’s the interesting part: if you compare both open-interest spikes, you’ll see that this time OI increased even more, but the price still hasn’t broken the previous ATH!
So, as per my experience and thoughts, I think it will continue to rise to liquidate all the shorts!