#bas

#bas Short positions have now achieved 17 times returns. Why did BAS suddenly drop from 0.17 to 0.019? A total decline of 87%. What is the significance of this shorting timing?

This is mainly triggered by hedging and short squeezes due to airdrop expectations. As BAS is a verification layer project in the BNB ecosystem, it participates in the Booster activity of Binance Wallet, where users expect to gain airdrops through multiple accounts. This directly led to a large number of opportunists opening short positions for hedging before the unlock, while the big players took this opportunity to raise the price, squeezing the shorts and further amplifying the price increase, forming the narrative of "pump before unlock".

Then, after the airdrop distribution on October 19, both opportunists and early holders sold off large amounts, coupled with the release of profits after the pump, leading to a liquidity crisis. The price rapidly fell back from 0.17, with further panic selling exacerbated by the liquidation of long positions during downward spikes.

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