๐ฅ
#AUCTION is Just Another Chart Like
#TRB Apart from the name, there's not much difference.
Let me take you through the playbook ๐
โ Whales withdrew huge amounts of
#AUCTION from exchanges (๐ฎ๐ฒ% ๐ผ๐ณ ๐๐ผ๐๐ฎ๐น ๐๐๐ฝ๐ฝ๐น๐)
โ Price started to go up due to supply crunch
โ Retail looked at the price pump and tried shorting it
โ Funding rate flipped negative and prices kept going up, resulting in a massive short squeeze
โ Whales made money both from price appreciation by going long and also from a negative funding rate.
โ After that, whales started depositing
#AUCTION on exchanges (๐ญ๏ฟฝ