AIOT speculators are making moves again! Sell order range increased by 3 times, is Binance's direction changing?
On-chain data shows that a suspected AIOT speculator address spent 11.27 BNB 14 hours ago to make another small position of 6,734 AIOT (approximately $6,734), while withdrawing previously injected bilateral liquidity and raising the overall sell order range.
The range "1.1906-1.2097" has 930,000 pieces listed;
The range "1.2897-1.3096" has 1,050,000 pieces listed;
The range "1.3901-1.4099" has 835,000 pieces listed.
The starting selling price has been raised to 3.2 times the current price! At the same time, Binance's AIOT contract has seen a negative funding rate for the first time, and short leverage positions have significantly increased, with short-term trends showing undercurrents.
Is this a washout or a prelude to harvesting? What do you think?
