CRYPTO RBAP
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$LAYER - PRICE INCREASE TRAP BEFORE UNLOCK?
The event of unlocking 84 million tokens $LAYER - not a small number - is set to occur on May 11th. This could create a massive supply, generating significant selling pressure.
Within a few hours, $LAYER has plummeted from $3.4 to below $1.9 - a decline of ~ 44%. The current funding rate is -2% per hour, indicating a clear dominance of the short side and showing that the market is in serious imbalance.
So where will $LAYER go?
Within a few hours, $LAYER has plummeted from $3.4 to below $1.9 - a decline of ~ 44%. The current funding rate is -2% per hour, indicating a clear dominance of the short side and showing that the market is in serious imbalance.
So where will $LAYER go?
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