$Q whale longs showed up on the chart days before the move.
On Oct 9 a whale opened a $524K long on Binance futures near $0.028. From Oct 13 to 16 whales added another $11.45M in longs. Price has since run to $0.132, up 371% from that first entry.
In the last 2 hours $1.8M in shorts got liquidated. Forced short closes are market buys, which pushed price higher and gave whales the liquidity to take profit on their longs.
On Oct 9 a whale opened a $524K long on Binance futures near $0.028. From Oct 13 to 16 whales added another $11.45M in longs. Price has since run to $0.132, up 371% from that first entry.
In the last 2 hours $1.8M in shorts got liquidated. Forced short closes are market buys, which pushed price higher and gave whales the liquidity to take profit on their longs.