There is a data point regarding PI, previously often mentioned in relation to the borrowing and selling issues of whale borrowers. Now let's look at this borrowing data. Since August 19, the borrowing volume has started to increase, while the amount of borrowed USDT to buy PI is only nearly 4 million PI. Up until now, whales have not borrowed any coins, and the total amount purchased with collateralized mainstream coins has actually surged to more than double since August 19. In other words, the quantity of those using collateralized mainstream coins (BTC, ETH, and others) to purchase PI corresponds to a cost that would mean PI needs to drop to 0.22 for these individuals to be liquidated. Moreover, this quantity continues to increase. It seems there is also a group promoting strategies against whale borrowers. They are using their held spot assets for long-term holding while simultaneously betting on PI. Thus, the collateral used to buy PI is steadily increasing. This does not...
You don’t need to worry about Pi’s price not dropping. As long as there’s any chance of a price increase, borrowing whales will sell your Pi to suppress the price. Everyone is happily providing loans to whales to suppress Pi. Helping whales make money is something most investors are delighted about. Look at how, when large buy orders appear at 4 a.m., borrowing whales borrow massive amounts of coins to sell on behalf of investors. If borrowing one million isn’t enough to suppress the price, they borrow two million. There’s no need to worry about pumping the price because they can borrow large amounts of spot coins to sell without needing to buy. In the end, the borrowing whales borrowed 3.3 million Pi to suppress the price. It seems investors’ hearts are bleeding, but they’re bleeding happily, right? Being able to provide for borrowing whales to suppress the price is an honorable thing. You all agree, don’t you? Everyone is willing to help the borrowing whales without any...
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