🔥 $BTW looked like it was heading for the same post-listing breakdown as $MEGA .
But the MMs had other plans.
Before that big “sca*m pump,” Open Interest (OI) was rising heavily and consistently. That means tons of leveraged shorts were piling in, expecting a pullback. The big players saw the setup and capitalized on it:
- They pushed the price up aggressively, triggering a short squeeze
- Forced liquidations from shorts created even more buying pressure, sending the price flying
- Retail FOMO kicked in and jumped on the long side at higher prices
Then came the reversal: the same big players dumped their bags, price crashed, and the high-leverage buyers got wrecked in a long squeeze.
Classic playbook: pump to liquidate the shorts, then dump to liquidate the longs. OI builds the trap, and smart money springs it.
Always be careful with tokens that have low liquidity and crazy futures activity. High OI can mean bigger moves… but not always in the direction you want.
