Bitway ($BTW ) is more like a combo of "contract liquidity + low circulation" driving this rally. We've seen a 24-hour surge of over 16%, with the current price around $0.05856, and a 24h trading volume of about $26.54 million, giving it a market cap of around $129 million.
It's worth noting that the launch of perpetual contracts has led to a quick influx of capital, but the top 10 addresses on-chain control a staggering 99.1%, indicating extremely low OTC circulation. This means there's high upside potential, but the volatility risk is also amplified. As we approach the TGE, market sentiment will likely heat up, so keep an eye on funding rates, position changes, and the movements of whale addresses. #Bitway #合约交易 #crypto market
It's worth noting that the launch of perpetual contracts has led to a quick influx of capital, but the top 10 addresses on-chain control a staggering 99.1%, indicating extremely low OTC circulation. This means there's high upside potential, but the volatility risk is also amplified. As we approach the TGE, market sentiment will likely heat up, so keep an eye on funding rates, position changes, and the movements of whale addresses. #Bitway #合约交易 #crypto market