🔥 $BTW JUST PRINTED A NEW ALL - TIME HIGH
After our earlier on-chain alert, $BTW has now pushed to a fresh high of $1.15.
Whale longs have climbed to $140.6M, carrying around $101.5M in unrealized profit. Roughly 86% of those positions are profitable, with whale positioning heavily skewed long at 92/8.
But there’s another side to this rally.👀
Open interest is declining in token terms even as price moves higher. That suggests contracts are being reduced rather than fresh positions aggressively entering. Funding also remains positive, showing how crowded the long side has become.
The ATH looks strong, but $101M+ of unrealized profit could turn into serious selling pressure if whales begin taking profit.
Enjoy the run - but keep an eye on the exit liquidity.👀
After our earlier on-chain alert, $BTW has now pushed to a fresh high of $1.15.
Whale longs have climbed to $140.6M, carrying around $101.5M in unrealized profit. Roughly 86% of those positions are profitable, with whale positioning heavily skewed long at 92/8.
But there’s another side to this rally.👀
Open interest is declining in token terms even as price moves higher. That suggests contracts are being reduced rather than fresh positions aggressively entering. Funding also remains positive, showing how crowded the long side has become.
The ATH looks strong, but $101M+ of unrealized profit could turn into serious selling pressure if whales begin taking profit.
Enjoy the run - but keep an eye on the exit liquidity.👀
