Every time there is a market crash, the data shows that it is the whale borrowing coins that causes the crash, yet online investors only blame the unlocking of staked assets.
Here, I continue to provide whale borrowing data that many people are unable to view due to regional restrictions.
The data shows that whales have borrowed 1.3 million PI from earlier until now at 9 PM, and they have also additionally used the borrowed USDT reserves to sell off, totaling 3.4 million PI.
Please understand one thing: most investors believe that as long as they lie flat and wait for the PCT to develop, it will eventually surge, which is a fantasy.
So, how much can the whales still borrow?
Based on historical situations and official LTV calculation data, the borrowing limit is 11 million. The PI purchased with borrowed USDT is the real investment capital for whales in PI.
In other words, the whales started borrowing coins to suppress the price only after they prioritized selling off their 8 million holdings. Now, there are 2.6 million left and a borrowing capacity of 1 million.
The current data will be the same as on August 1.
At that time, they had no coins left, which is why they bought PI heavily and accumulated to 8 million, while also repurchasing the 10 million that were borrowed and sold off, which caused the price to rise from 0.32 to 0.46.
At that time, I had released the whale borrowing data, but no one cared.
#PI
Dear PI friends, let's conduct a survey:
Based on the consensus to establish a community against borrowing coin whales, 1. Do you think you would be willing to participate in establishing a community focused on short-term trading strategies specifically to combat borrowing coin whales?
2. Are you willing to participate?
#PI
#pi
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