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东方风
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Bearish
#BIO开盘 The last post complaining about Bio's ridiculously high valuation resonated with Binance users, and it became popular unexpectedly. This post continues to criticize it. 上篇链接
My last post pointed out what kind of bad consequences Bio's high valuation would have, and today's market immediately came true.
The price of $BIO 0.85 has been maintained from last night to the morning of January 4th today.
However, since noon, the wind direction has changed.
As many people in the square said, holding Bio at an ultra-low price of 1.2 billion is impossible not to sell and take profits, because the valuation is too high, if not now, when?
In the past 24 hours, Binance BIO/Usdt trading pair has reached an astonishing 667 million US dollars, plus the 80 million next door, and the data of two other companies, as well as other trading pairs, it is estimated that the total trading volume of the entire network is 900 million US dollars.
What concept? BIO's so-called "market value" is only 1 billion.
What does this mean, comrades?
It means that someone is desperately selling.
The long and short positions passed each other by and called each other idiots?
Binance Labs' value management of the Bio project was too bad, which hurt the hearts of the majority of users. The good news is that CZ, who is loved by the majority of fans, will take charge of Binance Labs after the new year. I hope that CZ will live up to expectations after his return and cut the cake fairly and fairly to respond to the support of the majority of Binance users.
My last post pointed out what kind of bad consequences Bio's high valuation would have, and today's market immediately came true.
The price of $BIO 0.85 has been maintained from last night to the morning of January 4th today.
However, since noon, the wind direction has changed.
As many people in the square said, holding Bio at an ultra-low price of 1.2 billion is impossible not to sell and take profits, because the valuation is too high, if not now, when?
In the past 24 hours, Binance BIO/Usdt trading pair has reached an astonishing 667 million US dollars, plus the 80 million next door, and the data of two other companies, as well as other trading pairs, it is estimated that the total trading volume of the entire network is 900 million US dollars.
What concept? BIO's so-called "market value" is only 1 billion.
What does this mean, comrades?
It means that someone is desperately selling.
The long and short positions passed each other by and called each other idiots?
Binance Labs' value management of the Bio project was too bad, which hurt the hearts of the majority of users. The good news is that CZ, who is loved by the majority of fans, will take charge of Binance Labs after the new year. I hope that CZ will live up to expectations after his return and cut the cake fairly and fairly to respond to the support of the majority of Binance users.
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