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<h3>Fireline Report</h3>
<p>BAS has been a hot topic for airdrops recently, with frequent updates to the project's wallet and irregular distribution schedules for task tokens. The community is continuously tracking the situation. A significant price pullback has occurred, with short sellers profiting and short-term trading chips swirling around in the market.</p>
<h3>Trading Guide</h3>
<p>Driven by events, after the airdrop is implemented, pay attention to the retracement to the previous low of 0.82. If it fails to recover, then take profits in the short term and be wary of unlocking risks.</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-20 12:30</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>Analysis of the accelerated pace of BAS airdrops: price pullbacks and short-seller profits</h1><h2> TL;DR</h2><p> <strong>The pace of BAS airdrops has indeed accelerated significantly</strong> : on October 19th, 100 million BAS tokens (4% of the total supply) were released in a single day, causing <strong>the price to plummet 64.09%</strong> from $0.163 to $0.031. <strong>Short sellers have seen significant profits</strong> : short sellers who entered the market at the peak have profited as much as 82%. The positive funding rate indicates that longs continue to pay shorts.</p><h2> Core Analysis</h2><h3> Airdrop Pace Acceleration Details</h3><p> <strong>100 million BAS large-scale airdrop execution</strong> :</p><ul><li> <strong>Week 5</strong> : 51 million BAS (worth $1.54 million)</li><li> <strong>Week 6</strong> : 49 million BAS (worth $1.48 million)</li><li> <strong>Distribution time</strong> : October 19, 09:05-09:13 UTC</li><li> <strong>Beneficiary users</strong> : Approximately 60,000 to 80,000 Booster activity participants</li><li> <strong>Average distribution</strong> : 1,250-1,667 BAS (approximately 37-50 USD) per person<a href="https://bscscan.com/tx/0x26b7a8dac49afa914c779218f06b722015c6730b4249c6712a4b1a4db0fb76d9">bscscan</a></li></ul><p> This is the largest single-day airdrop in BAS history, accounting for 10% of the circulating supply, greatly accelerating the pace of token <a href="https://www.binance.com/en/square/post/31133394464194">release</a> .</p><h3> Price Retracement Analysis</h3><p> <strong>Technical indicators indicate a sharp correction</strong> :</p><table><thead><tr><th> index</th><th> Numerical</th><th> state</th><th> Influence</th></tr></thead><tbody><tr><td> 24-hour decline</td><td> -64.09%</td><td> Plummet</td><td> Falling from $0.163 to $0.031</td></tr><tr><td> RSI (1 hour)</td><td> twenty four</td><td> Severely oversold</td><td> Below 30 threshold</td></tr><tr><td> RSI (Daily)</td><td> 47</td><td> neutral</td><td> Daily MACD shows potential rebound</td></tr><tr><td> 24-hour trading volume</td><td> $184M</td><td> A surge of 138%</td><td> panic selling</td></tr></tbody></table><p> <strong>Price trend characteristics</strong> :</p><ul><li> <strong>Plunge trigger point</strong> : 09:00 UTC after the airdrop distribution, the price began to fall rapidly</li><li> <strong>Support level tested</strong> : Drop to $0.028 (24-hour low)</li><li> <strong>Current position</strong> : $0.0296, still near the lower Bollinger Band</li><li> <strong>Market capitalization has shrunk</strong> : from a peak of approximately $400 million to a current $75.6 million</li></ul><h3> Short sellers make significant profits</h3><p> <strong>Short profit data</strong> : <reference tool_id="call_17627422" category="heatmap" project="BAS" description="BAS OI USD and 24h change percent by exchange at 2025-10-19 12:43 UTC"/></p><ul><li> <strong>Highest Profit</strong> : Short from the high of $0.163 to $0.03 made a profit of about <strong>82%</strong></li><li> <strong>Funding rate</strong> : Binance 0.13%, Bitget 0.15% (positive rate means longs pay shorts)</li><li> <strong>Position changes</strong> : Total holdings $31.4M (24 hours +8.4%), short positions continue to increase</li><li> <strong>Liquidation risk</strong> : Long liquidation pressure is concentrated in the $0.027-$0.029 range</li></ul><p> <strong>Short advantage performance</strong> :</p><ul><li> <strong>Selling pressure</strong> : 40% of tokens were sold immediately after the airdrop, with a buy-sell ratio of 3:1</li><li> <strong>Trading behavior</strong> : 60% of new users sold 70% of their airdrop allocations</li><li> <strong>Market Sentiment</strong> : Fear and Greed Index 28 (Extreme Fear)</li></ul><h3> On-chain data verification</h3><p> <strong>Airdrop distribution mode</strong> : <reference tool_id="call_42775839" category="mix_bar_line_liquidation" project="BAS" description="BAS liquidation risk map by price level and exchange (1d period) at 2025-10-19 12:43 UTC"/></p><table><thead><tr><th> index</th><th> Before the airdrop (October 18)</th><th> After the airdrop (October 19)</th><th> change</th></tr></thead><tbody><tr><td> Number of currency holding addresses</td><td> 140,000</td><td> 159,000</td><td> +14%</td></tr><tr><td> Number of transactions per day</td><td> 10,000</td><td> 251,000</td><td> +2,510%</td></tr><tr><td> DEX trading volume</td><td> $18M</td><td> $90.7M</td><td> +404%</td></tr><tr><td> Gini coefficient</td><td> 0.75</td><td> 0.62</td><td> -17% (diversification)</td></tr></tbody></table><p> <strong>Analysis of capital flows</strong> :</p><ul><li> <strong>Exchange inflow</strong> : Net inflow to exchanges after the airdrop was approximately $50 million</li><li> <strong>DEX Dominance</strong> : PancakeSwap accounts for 55% of trading volume ($90.7M)</li><li> <strong>Whale Behavior</strong> : 5 of the top 10 holders reduced their holdings by 20%, but 8 new whales entered the market</li></ul><h2> in conclusion</h2><p> The pace of BAS airdrops has indeed accelerated significantly. The single-day release of 100 million tokens created selling pressure, directly leading to a -64% price plunge. <strong>Short sellers profited handsomely during this pullback</strong> , and both technical indicators and on-chain data confirm their profitability. However, the daily MACD shows a potential rebound signal, while the severely oversold RSI may signal a short-term rebound opportunity. Investors should monitor the key resistance level of $0.037, as a break above this could put short sellers at risk of a squeeze.</p>
