Crypto
Floki's Fragile Post-Squeeze Base Hangs in the Balance
Floki is clinging to a fragile post-squeeze base at around $0.0000276, $0.0000280, while Bitcoin closes its best Q3 since 2017.
The token has been trading in a range-bound pattern, with no catalyst of its own and relying on macro coattails for momentum.
A violent September 21 short-squeeze event saw $262 million in shorts liquidated in a single hour as Bitcoin punched through $87K, firing FLOKI up 15% to nearly $0.00003.
The token has no independent fundamental floor and its 24-hour Binance spot volume is anemic, leading to concerns about its sustainability.