Brothers who are recently trading $BR, stop and keep a close eye on the on-chain data — the liquidity of this coin has dropped to 4 million U! Just last week it had a depth of 12 million U, and in just a few days it has been cut down to one-third. This kind of liquidity 'cliff-like drop' is a signal that 'the project team is up to something', not to mention that they are now playing the old trick of 'raising and liquidating'. If you dive in deeper, you might get cut!
Let's break down $BR's recent 'shenanigans': A few days ago, it was ranging between 0.032-0.035, and many people thought it was 'low volatility and safe' while trading α, even opening small short positions hoping to profit from small fluctuations. However, something suddenly went wrong yesterday — starting at 2 PM, without any good news, several buy orders above 200,000 U suddenly appeared, directly pushing the price from 0.034 to 0.041, a rapid increase of 7 points, instantly liquidating all short positions below 0.036! Someone in the community shared a screenshot of their liquidation: '3x short position, I was just looking to earn 2 points, but got liquidated instead, lost 8000 U in a day, this is clearly targeting short positions!'
What’s even more disgusting is that less than half an hour after the rise, liquidity started to 'quietly shrink' — from the previous 8 million U down to 4 million U. Now the total buy orders from buy one to buy five only add up to 1.5 million U, and sell orders from sell one to sell five are only 2.5 million U. Those in the know understand that when liquidity is low, 'squeeze traps' become easy to set up — if you want to sell at 0.04, the project team might first push it to 0.042 to lure you to chase, then crash it back to 0.038, and due to insufficient liquidity, there’s no one to take your sell order, leaving you watching the price drop and getting 'squeezed in the middle'.
Fans have previously suffered losses with $BR: Last month when liquidity dropped to 6 million U, the project team first pushed it up by 5 points, then suddenly crashed it. Many who chased the high got stuck, and when they finally managed to sell, the price had dropped by another 3 points, equivalent to 'losing 8 points right after buying'. Now liquidity is even lower than last time, and this wave of 'raising and liquidating' is clearly just the 'prelude', and they are likely to repeat their old tricks — first liquidate the short positions, then set traps with low liquidity to harvest those chasing the highs and bottom-fishing.
So here’s a reminder for the brothers trading α: Starting tomorrow, quickly switch to another coin! Don’t waste time on $BR — low liquidity means 'difficult to enter and exit', and the project team loves to play 'market control tricks'. What you think is 'earning a small profit' is actually betting that the project team 'won’t target you', and that risk just isn’t worth it.
If you really want to trade α, I suggest choosing coins with liquidity above 20 million U that haven’t shown any 'abnormal spikes or crashes' recently, like the ones mentioned earlier.
Wasting time on a coin like BR, you end up with no profits and a lot of frustration!
