Real-time report $BIO Currently in unrealized loss

There are still many friends who don't understand why we are bearish?
Brother Fan breaks it down and explains it to everyone
First, from the K-line we can see that BIO has already been consolidating at a high level for a day, and Brother Fan also mentioned earlier that the recent rally was due to staking and new token issuance, which reduced the number of BIO tokens in the market, indirectly benefiting
If the market expects the BIO staking short position to be bad, then signs of a sell-off will appear, plus a lot of tokens have been transferred to exchanges, clearly indicating that institutions and project teams have already reduced their positions at high levels, with collective selling pressure above, leading to strong selling pressure overhead.
Referring to previous manipulation tactics, the market maker will repeatedly shake out the traders, and when the positions are lighter, they will dump and sell off.
Therefore, Brother Fan is firmly holding his short position!

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