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$BICO has topped the OKEx gainers list three times $BICO at $0.044, do you dare to bottom-fish? $BICO fell from its ATH of $21 to 0.011, a 99.9% drop. Short sellers made a killing. At first glance: from hell to heaven, then back to earth At the end of July, it hit a historical low of 0.011. Aster DEX and AlphaX launched perpetual contracts, combined with short liquidations, causing a surge of over 300% within a week, once reaching 0.08-0.09. On August 10, it retraced 30%-40% in a single day with high volume selling pressure, a typical profit-taking after listing enthusiasm. Around 0.04 is the Fib 61.8% retracement level, with increased volume, bulls and bears are fiercely battling. First point: This rise is not driven by fundamentals, but by shorts being squeezed to death. $BICO fell from its ATH of $21 to 0.011, a 99.9% drop. Short sellers made a killing. Then what? Once perpetual contracts launched, short positions didn’t have time to escape and were violently liquidated. It surged over 300% within a week, with trading volume reaching several times the market cap. No major positive news, purely a brutal liquidation in the derivatives market. Second point: Fundamentals are clean but fragile. Biconomy is a multi-chain account abstraction infrastructure, invested by Coinbase Ventures and Binance Launchpad. Total supply is about 1 billion, circulation nearly full, no large unlocking pressure, which is considered clean among altcoins. But it dropped from $21 to 0.011, a 99.9% fall. Current market cap is only tens of millions of dollars. Protocol revenue? Still too early to tell. Top 100 wallets hold by 20% up or down. Third point: Technically, it’s at a "bull-bear do-or-die" point. Daily ATR (Average True Range) is extremely high, derivatives trading far exceeds spot. Each candlestick has long upper and lower shadows, typical of high volatility battles. At the 0.044 level, neither bulls nor bears have a way out. Upwards, breaking 0.05 could retest 0.08; downwards, breaking 0.038 could fall below 0.03 #CPIToResetFedBets #AIMemorySelloffEases #BTCETHETFInflowsReturn