PI mentioned at 8 PM that the rebound has ended, and to pay attention to the subsequent borrowing whales.
I just saw that a borrowing whale borrowed 800,000 coins to sell, which caused the drop. However, there are some other things at this time.
Spot and contracts are different main forces. When a borrowing whale wants to borrow coins to sell and simultaneously short through contracts for arbitrage, normally both the spot and contract main forces would be whales, but at this time the spot shows a different main force from the contract.
This indicates that the spot main force is larger than the borrowing whale, and this spot main force easily took away the 800,000 PI from the borrowing whale, which is why PI didn't drop further.
However, yesterday it was mentioned that on the morning of the 26th, PCT seems to be issuing an announcement. So, will this spot buying main force be related to this announcement?
This announcement seems to be the same situation; after the announcement is made, the market retail investors still don't understand and continue to view it negatively.
But the announcement will be contrary to the market retail investors; if someone deliberately sees the announcement and sells for speculation, then they will also be pulled back by the announcement after the speculation. We should pay attention to what the announcement is about.
#PI
#pi



Retail investor: PI has gone up, sell quickly, sell quickly, it dropped from 0.5 to 0.45, sell fast. Selling at 0.4!
All sold out!
Retail investor: Damn, PCT is a scam, they pump it up and then dump it!
PCT: ???
#PI
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