$PI The recent upward movement of Pi since its bottom shows that the borrowing whales have already repurchased a total of 3.18 million Pi from the 6th up to the 9th.

Currently:

Total Pi held by centralized exchanges: 14.35 million

Total Pi borrowed by those whales: 15.16 million Pi

This means the repurchase already represents 22% of all Pi held by exchanges.

Think about this carefully:

Whether those whales repurchase the remaining 12 million Pi, OR they get forced into liquidation on the remaining 12 million…

Either scenario will completely drain the exchanges’ Pi reserves.

The whales clearly spotted the opportunity early — and they are now closing their positions ahead of time, while they are still in profit.