After the exchange #Ray went online, the market experienced a dramatic change, with major funds quietly initiating the profit-taking process. It is worth noting that a whale has transferred 2.26 million RAY to Binance for cashing out operations.
From the holding structure, the top 50 addresses hold 42% of the total RAY, forming a highly controlled market pattern, while RAY has shown an independent trend that is completely different from the overall market.
I also recommended to my friends to position themselves short in the morning, and it is currently down 6%, which can be held.
There are a large amount of trapped positions above RAY, and after a short-term surge, it quickly dipped again. Short-term spot players are advised to mainly observe for now, and remember not to blindly chase highs!!!
