1. Some analyses on the internet suggest that the crash of PI on the 22nd was due to a large amount of unlocking in the market. 2. Others believe that the crash of PI on the 22nd was caused by BTC. Now let's compare: 1. The market is unlocking daily, and it’s a stable amount that has been unlocking for several months. Is it possible that a crash with the largest price difference occurred from a lesser amount being unlocked? If that were the case, it would indicate a liquidity issue. However, that is not the case. 2. In terms of BTC's maximum volume over four hours, the highest and lowest prices on the 22nd had a difference of 3135.7 points, while the maximum drop on the 26th is 3062.5 points. If BTC caused the crash, then why hasn’t PI dropped below 0.18 now? ※ Let’s look at the facts that have been discussed: the borrowing whales borrowed up to a maximum of 9.8 million coins from the 22nd, causing a violent drop that day. Currently, looking at the PI borrowing data, there are still...
Are you all feeling very annoyed by the borrowing whales of pi? Let me report something to all investors! Historically, these borrowing whales have only borrowed on specific exchanges. Moreover, historically, the whales have borrowed up to a maximum of 11 million pi from the exchange. Now we can see that the borrowing data has reached 9.8 million today. Based on the historical maximum funding amount, there are at most 2 million pi left to borrow. Looking back, the last time 11 million pi was borrowed was on August 1, which caused a rapid drop to nearly 0.7. At that time, there might have been a lack of funds and an urgent need to repurchase pi, which then surged to 0.46. 0.46 not only exceeded the whales' repurchase cost, but the whales also lost nearly 50% due to suppressing the price difference. Now, please pay attention, the borrowing whales have already borrowed up to 9.8 million pi. According to history, they have at most 3 million in funds left, and even with 3 million, they...
9.18K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.