$BID surged to $0.0975, short funding rate at -2%! Trading volume at $770 million, longs and shorts in a stalemate!

NiuNiu News:

Current price of $BID is $0.0975, up 12.3% in 24h, trading volume exploded to $480 million, market cap at $12.3 million! From the low of $0.0329 (May 24) to the rise, trading volume dropped to $770 million yesterday. BID is soaring against the trend, with the funding rate currently at -2%, shorts are prevalent, are the market makers eating the fees or is there a new opportunity?

Why is $BID skyrocketing?

Market makers are pushing prices: On-chain whales are accumulating at $0.08-$0.09, pushing it up to $0.0975, K-line chart (AIcoin) shows a MA7/MA30 golden cross, RSI at 65 indicating strong momentum, bulls are exerting force.

Favorable funding rate: The -2% rate attracts large holders to short and gain profits, the contract open interest has reached $29.5 million, retail bulls are surging, and market divergence is intensifying.

Technical breakthrough: Broke through the Bollinger middle band ($0.09), MACD golden cross, support at $0.09, resistance at $0.10.

When will the market makers dump? How high can it go?

Dump risk: If it falls below $0.09 or retests $0.085, the -2% rate may lead large holders to short at high positions.

Upside potential: If it breaks $0.10, it could surge to $0.12-$0.15, potentially reaching $0.20 by year-end (predicted by MEXC).

Key observations: On-chain whales, Alpha trading volume, changes in funding rates.

How to read the K-line?

$BID is positioned at the Bollinger middle band ($0.09), MA7/MA30 golden cross, RSI at 65. Support at $0.09, resistance at $0.10. Warning: “High position selling pressure is hidden”!

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