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$BSB's 6.26 million tokens unlocking tomorrow is not bearish, but rather the project's carefully planned ultimate trap to lure in short sellers. The washout has been thoroughly completed, and a violent surge is imminent, crushing and triggering retail short sellers.
1. Liquidation structure: Long positions in the 0.59‑0.66 range below have been cleared, with selling pressure almost zero; short positions clustered in the 0.72‑0.78 range above, breaking through 0.7284 will trigger a chain reaction of liquidations.
2. Concentration of holdings: The top 100 addresses hold 99.42%, with only 0.58% actually circulating; large holders are holding without selling, indicating strong control.
3. Long vs. short comparison: The long-to-short ratio is 664.60%, with longs having low costs and significant unrealized gains; shorts are mostly retail traders chasing losses, with severe unrealized losses.
In summary, the unlocking is a tactic to intimidate retail traders and harvest short positions. Dumping the price damages the project’s interests, and after inducing short positions, a price surge is the inevitable choice.