⚠️ Whale Alert: Massive Short Position on $TAO! 📉
Fellow Traders, notice the high-risk signals on $TAO! A major whale has just significantly increased their short position, adding 100,000 more shorts at $181. Their total holding is now a massive 200,000 shorts!
Why is $TAO under heavy pressure?
Massive Drop: The coin has already plummeted over 70%.
Trapped Investors: Many retail investors who bought during the Korean exchange listing are currently stuck. It's unlikely whales will pump the price just to help them break even.
Low Interest: Open Interest (OI) has hit new lows, suggesting retail investors have largely exited.
High Inflation: With nearly 10,000 new coins produced daily, the constant selling pressure is relentless.
The strategy seems clear: the trend is bearish, and the selling pressure is real. Trade with caution! 👇👇👇
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