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$LAB The leverage is set to 10x, and it still hasn’t dropped. Don’t you get it yet?
The current spot 24-hour high is 20u. 75% are shorting, and 25% are on the long side. If you’re the project team, are you going to dump the price or pump it up? No need to guess—definitely they’re going to blow up the shorts. Right now, the project team wants to dump the market, but they’re stuck here. They definitely can’t bear to miss this wave of short-sellers. In my personal opinion, it’s still bullish! Treat all the shorts as fuel. From the candlestick chart, you can tell that the price control is extremely serious right now—it’s been ranging and consolidating while accumulating. It’s pretty similar to that rave from back then, so it has to blow up the shorts. Back then too, many people thought it had topped out, and then they started shorting—turns out it all became fuel. From the on-chain funds, the main funds are also flowing in. The top ten on-chain addresses hold 97.82% of the tokens.
Smart Money is still currently holding 150,000 tokens. This data shows that Smart Money is very bullish on this coin. In my personal opinion, it’s still bullish!