- Wiped out $760 million in market cap - Liquidated $2.4 million in long positions - After Top holder sold $7.5M worth of tokens - Selling is still going strong - He still holds 595M SIREN tokens (82% of the entire circulating supply)
Earlier, SIREN pumped 200% in 10 days, adding over $600 million in market cap.
( Be careful and stay away from high leverage ) $SIREN
Monday (The Short Squeeze): Bitcoin charged to $80,500, catching aggressive bears off guard and triggering $510M in liquidations.
Tuesday (The Momentum Trap): The rally refused to cool down, grinding higher to $81,600. Another $387M was wiped off the board as late-to-the-party shorters were forced to cover.
Wednesday/Thursday (The Trapdoor): In a final "mega-pump," BTC spiked to $82,700 before the floor fell out. It plummeted back to $80,500 in a flash, nuking over-leveraged long positions to the tune of $635M. $BTC $ETH $BNB
BTC pumped 46% against gold since the US-Iran war started on Feb 28th. Twice before, when BTC printed multiple consecutive green months against gold, a major rally followed: +580% in 2021 +163% into December 2024. If BTC breaks out above $81,000, then BTC-gold pair looks as bullish as in 2021 and 2024. If BTC gets rejected from $81,000, it will likely form a double bottom on the chart before the next mega rally. $BTC $ETH #BTCSurpasses$80K $BNB