GateUser-bae3f83b

KOLs are trying to manufacture a bull market out of thin air with $ANSEM, $CASHCAT & the latest wave of memes on Robinhood
I don't buy it
If #Bitcoin prints another lower low, most of these coins will likely give back their gains & return to where they started
In the end, $BTC still decides the direction of the market

$SPCX is dumping
I wonder if Elon Musk checks his portfolio every 30 seconds like the rest of us

$XNY update:
The Short thesis keeps getting stronger
Smart traders hold $1.04M in Shorts vs just $145K in Longs
Whales are even more aggressive: $3.29M in Shorts vs $478K in Longs
The profitability tells the same story: 83.5% of smart shorts are in profit. Only 8% of smart longs are profitable
The order flow is still heavily dominated by sellers
This remains a high conviction bearish setup until that positioning changes

A massive 1.05B $TAG ($1.06M) was withdrawn from a Gate hot wallet to the private wallet of high-leverage trader 58bro.eth (@0x58bro) just 41 minutes ago
Is he preparing to deploy serious capital into DeFi, or is a major short/hedge play about to unfold?
He rarely tweets, so the wallet is worth watching.

Someone moved 15.4M $CASHCAT ($2.8M) to Gate 1H ago
This could signal an intent to sell, but it's not a confirmation. Keep an eye on Price Action

England & Norway are grossly undervalued

A wallet received 4.12M $ONDO ($1.36M) from a Gnosis Safe & immediately transferred it to Coinbase

Could there still be life left in $LAB ?
Price is down 70% from its local highs
Yet onchain, smart money is doing the exact opposite of what Price Action suggests
The data:
• Last 3H: $LAB ranks among the hottest assets on BSC with clear accumulation activity
• Last 6H: $1.20M Net Accumulated
• Last 12H: $1.57M Net Accumulated across 23 large strategic buys
Price keeps bleeding, but whales keep absorbing supply
Classic price/onchain divergence 👀

$BASED Liquidity Update
The $450K-$500K short cluster at 0.120 has been fully swept
Price is now testing major daily resistance at 0.1208. A reclaim will target next liquidity pocket around 0.124-0.126
A rejection here will trigger a sharp dump to around 0.09

Stake your house on it
DR Congo will play a low block & turn this into a physical game, but i expect England to grind a 2-0 win
Belgium have been very poor so far. Their key players are passed their prime. A Senegal win won't surprise me