Swallowing the World: $BTW ’s shorts’ bones are not yet cold—is the longs’ feast a gift or the last supper?

When the tide goes out, what you see is not retail investors swimming naked, but the trillion-scale wreckage of beached whales.

This is definitely not an ordinary rebound. The latest on-chain positions reveal that BTW’s main long holders have amassed as much as 123 million, with unrealized profits exceeding 82 million and a win rate as high as 86%! Such astonishing control shows that this offensive is entirely a “face-up” pump by the main force. Technically, the upper Bollinger Band was easily pierced, while all three RSI lines surged above 90 into extremely overbought territory—this is a typical “leveraged masterpiece” market.

But don’t be misled by appearances. Behind the massive positions lies an almost exhausted pool of market counterparties. The funding rate remains positive, which is not a bullish signal, but a “long-nurturing” trap in which the main force maintains a high premium to attract retail investors to follow and take over their positions. Their cost basis is around 0.07, and their unrealized gains are now enormous.

My view is clear: the trend will continue to surge on momentum, but this is already the tail end of the move. Real hunters are watching closely for the moment the funding rate turns negative—that will mark the beginning of the whales’ tail-swipe and the longs’ stampede. The feast is not over yet, but be sure to fasten your seat belt.

For those trapped in positions, stop fantasizing and come find Mig now. I’ll help you analyze the main force’s true intentions and avoid the “long-short double kill” trap that is about to arrive! Markets always die amid the revelry—don’t be the last one left holding the bag!

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