Should You Short or Long BIGTIME? Expert Suggests Watching This Metric

• Lookonchain’s analysis offers crucial guidance for traders considering BIGTIME.
• The correlation between BIGTIME price movements and reward withdrawals was highlighted.
• BIGTIME experiences an 8.92% price surge amid declining market activity.

In a recent tweet, Lookonchain, a well-known crypto market on-chain resource, highlighted the remarkable upswing in the price of the freshly listed cryptocurrency Big Time (BIGTIME). Specifically, Lookonchain raised a critical query for traders concerning assessing BIGTIME’s price changes, mainly whether to adopt a long or short position.

Notably, Lookonchain’s analysis for BIGTIME traders comes amid the cryptocurrency encountering a decline in the last 24 hours. The market tracker argued that the decline in BIGTIME primarily resulted from users withdrawing their BIGTIME rewards and depositing them into exchanges.

Moreover, Lookonchain shared a chart illustrating that BIGTIME’s price movement correlated with the number of BIGTI…

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