$BTW is pushing higher through 0.76 as the short squeeze continues. 🚀
Price action still looks strong, but the on-chain activity is where things get really interesting.
Multiple $BTW deposit batches have recently landed at Gate deposit addresses, yet those tokens have not been swept into the main hot wallet.
So for now, that incoming supply isn't actively hitting the order books or creating major sell pressure.
At the same time, nearly 500K $BTW (~$352K) moved OUT of Gate's hot wallet into self-custody. 👀
That creates an interesting imbalance:
🔴 Supply is waiting at deposit addresses
🟢 Tokens are leaving the active exchange wallet
🔥 Shorts are getting squeezed as price moves higher
0.80 remains the key level on my radar.
But here's the main risk:
If those pending Gate deposits are eventually swept into the hot wallet, that supply could quickly reach the market and trigger a sharp rejection.
Until that happens, the flow still favors the buyers and the squeeze remains active.
No chasing. No FOMO. Just watching the wallet flows and reacting to what the data shows. 📊👀
Price action still looks strong, but the on-chain activity is where things get really interesting.
Multiple $BTW deposit batches have recently landed at Gate deposit addresses, yet those tokens have not been swept into the main hot wallet.
So for now, that incoming supply isn't actively hitting the order books or creating major sell pressure.
At the same time, nearly 500K $BTW (~$352K) moved OUT of Gate's hot wallet into self-custody. 👀
That creates an interesting imbalance:
🔴 Supply is waiting at deposit addresses
🟢 Tokens are leaving the active exchange wallet
🔥 Shorts are getting squeezed as price moves higher
0.80 remains the key level on my radar.
But here's the main risk:
If those pending Gate deposits are eventually swept into the hot wallet, that supply could quickly reach the market and trigger a sharp rejection.
Until that happens, the flow still favors the buyers and the squeeze remains active.
No chasing. No FOMO. Just watching the wallet flows and reacting to what the data shows. 📊👀
