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After $BEAT enters a sideways consolidation phase, some interesting changes have appeared in the market. From the holding data, short positions increased by 2 million, with the average price dropping from 0.7 to 0.57, while long positions increased by 30,000, mainly due to retail investors bottom-fishing. This contrast clearly illustrates the situation: large funds are continuously shorting, while retail investors are buying at low levels.
Based on the price pattern, it has not yet reached a true bottom area, more like oscillating around the mid-mountain. This token, as a mini-game project on Telegram, has been assigned a market cap of $100 million, which is indeed worth questioning. Given the historical low of 0.06, the current price does not have a significant safety margin.
Honestly, the future development of this situation remains uncertain. Instead of getting entangled here, it’s better to allocate funds to more fundamentally clear directions.