$BTW is giving me serious $LAB vibes. Same aggressive pumps, sharp retracements, and shorts getting trapped over and over.
Funding is sitting at an insane -2% per 4H. Shorts are paying a fortune just to stay in their positions, and I think there's still room for another squeeze before the real correction.
Wouldn't be surprised to see another run toward $2.20–$2.70 if $1.50 holds. But once the squeezes run out of fuel, this could unwind just as violently as $LAB did.
Funding is sitting at an insane -2% per 4H. Shorts are paying a fortune just to stay in their positions, and I think there's still room for another squeeze before the real correction.
Wouldn't be surprised to see another run toward $2.20–$2.70 if $1.50 holds. But once the squeezes run out of fuel, this could unwind just as violently as $LAB did.
