Bitway (BTW) Surges 250% in a Month as Analysts Warn of Correction
- —BTW gained about 40% in 24 hours and 250% over the month, trading near $2.50
- —Market cap is close to $4 billion, making it the 32nd-largest crypto asset
- —RSI has climbed above 80, signaling extreme overbought conditions
- —Top 10 addresses control more than 96% of BTW's supply
Why it matters: Heavy supply concentration and overbought conditions leave BTW exposed to manipulation and a sharp reversal, posing risks for late buyers.
Source: CryptoPotato