#BSW today surprised everyone 😥

Binance today announced the delisting of the BSW coin. It seemed that this should have crashed the price… but instead of falling, we saw a rise of more than 110%!

The reason is that the vast majority of people, seeing the news about the delisting, began to massively go short, expecting further price drops due to the bad news. However, this in turn created a huge overload of short positions, and eventually, the market maker went against the crowd's expectations and pushed the price up, collecting a huge volume of liquidity from the short sellers.

After such manipulation, one can already expect a smooth price decline and a return to the initial values at which the asset was before the news came out.