I originally thought Bitcoin was already outrageous, but I didn't expect there to be an even more absurd coin that can make you question life!
PTB coin has recently surged in popularity in the cryptocurrency market, with prices skyrocketing due to multiple factors at play.
In early September 2025, PTB was launched on several major exchanges including Binance. Exchanges are like large markets; after PTB's entry, trading became more convenient, significantly enhancing market attention and liquidity, which directly drove prices up.
During the surge, the funding rate was extremely high, indicating that a large number of retail investors were shorting PTB. The whales took the opportunity to drive up prices, creating a short squeeze that forced short-sellers to close their positions, further pushing prices higher.
PTB's project has a unique positioning as a non-custodial native Bitcoin cross-chain exchange protocol, aligning with the market's expectation for Bitcoin to integrate into a broader DeFi ecosystem, offering new solutions, and gaining support from many, which underpins the price increase.
Personal opinion:
Entry point: around 0.00343, can try a small long.
Exit point: 0.0036
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