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Eshal fatima
eople shorting the cashcat rh listing are misunderstanding the "sell the binance listing" trade of old
"sell the binance listing" had two mechanisms:
1.) "who is left to buy" (anecdotal and weak)
2.) large holders finally able to exit via perps (flow-driven and strong)
The main reason the binance listing was almost always a top was because large onchain spot holders could now exit (short highly liquid perps) or sell spot on a much more liquid exchange
cashcat has had hyperliquid and bybit perps since the first run-up, so large holders have been able to sell if they want
would expect a bunch of traders to take profit here and for there to be another sell-off short-term
#SandiskBeatAndBuyback #CircleArcLaunch #EarningsRealityCheck
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