On May 4th, COINOTAG News reported insights from on-chain researcher ai_9684xtpa, highlighting recent activities from a notable AIOT whale address. This entity has executed a strategic repositioning within the market, purchasing 6,734 AIOT for 11.27 BNB, equivalent to approximately $6,734. Notably, the address has retracted previous liquidity contributions and adjusted pricing for its single-sided limit sell orders.
The current sell orders are structured across various price ranges: 930,000 tokens are positioned between $1.1906 and $1.2097; 1,050,000 tokens from $1.2897 to $1.3096; and 835,000 tokens within the span of $1.3901 to $1.4099. This adjustment raises the initial liquidity sell-off price to $1.1906, marking a significant increase from the current market valuation.
However, it’s crucial for investors to note that the Binance AIOT contract is witnessing its inaugural negative funding rate, signaling a growing trend in short leveraged positions. Traders are advised to exercise caution amid these volatile market conditions.