🔥
#AUCTION is Just Another Chart Like
#TRB Apart from the name, there's not much difference.
Let me take you through the playbook 👇
➙ Whales withdrew huge amounts of
#AUCTION from exchanges (𝟮𝟲% 𝗼𝗳 𝘁𝗼𝘁𝗮𝗹 𝘀𝘂𝗽𝗽𝗹𝘆)
➙ Price started to go up due to supply crunch
➙ Retail looked at the price pump and tried shorting it
➙ Funding rate flipped negative and prices kept going up, resulting in a massive short squeeze
➙ Whales made money both from price appreciation by going long and also from a negative funding rate.
➙ After that, whales started depositing
#AUCTION on exchanges (𝟭�