Isn't it that most people suggest just lying flat with PI?
Now we know that the borrowing whales are suppressing the price, so we need to prevent risks and follow the bearish trend. Don't those who lie flat just need to wait for the PCT development to see a rise?
Now, as we need to respond to the risk of the borrowing whales selling off, how can those lying flat complain about the market heading towards 0.1?
Those who want to lie flat don't want to see the price drop, and then when the whales borrow and suppress the price, they start whining.
There's no need to feel sympathy for the investors lying flat, because they originally came to the market to take on losses. When you sympathize with those lying flat, you're just compromising yourself, forcing yourself to lie flat and complain along with them.
#PI
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 7 million borrowed PI that have not been returned.
Therefore, with BTC's rapid decline, the drop amount is comparable to that of the 22nd, and the borrowing whales have no money to borrow, with 7 million coins still not repurchased. Where would they get the money to borrow another 9 million coins?
Thus, PI has not dropped.
For the borrowing whales, they can swim freely, as everyone believes it’s a PCT issue.
The amount of coins borrowed and sold by the borrowing whales can suppress all the updates you think are bullish. The prices in exchanges belong to privately negotiated contracts and are completely unrelated to PCT. PCT does not care about the responsibility of investors choosing to sell at low prices; investors are not losing on-chain, and their losses are purely voluntary.
If you do not come out to counter the borrowing whales, do you really think the buying pressure for PI updates can exceed 11 million? Even if there is an 11 million buying pressure, it will be gone after one purchase, while the borrowing whales can borrow daily. No matter how much buying pressure there is, it’s not enough for them to borrow. Are you still expecting updates to rely on others to help pull the price up?
It would be better to join the whales who are already suppressing PI and let PI go to 0.001.
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