The Bitway (BTW) token reached a record price of $2.75 on October 14, 2026, before settling at $2.45. This represents a 27.5% increase over 24 hours and brings the total rally to approximately 5,000% since the token's listing on Binance. The asset has entered the top 20 cryptocurrencies by market capitalization.
Market data from CoinGlass indicates that short liquidations reached $2.9 million in a single day, while long losses totaled $543,000. Despite the price surge, funding rates remain slightly negative, and open interest is currently at $302 million. One trader reported opening a $100,000 short position, anticipating a potential 60% to 80% decline.
The project, which focuses on yield-earning products and a Bitcoin-compatible blockchain, has seen increased activity following Binance Wallet campaigns and the addition of BTW trading on Bitrue on October 13. CoinGecko reports that the circulating supply is 1.5 billion tokens out of a total supply of 10 billion.
Technical indicators show the daily RSI at 81, suggesting the asset is overbought. Analysts note that a daily close below $2.28 could signal weakening momentum, while a drop below $1.80 might trigger a deeper correction. Conversely, a move above the $2.75 to $2.81 range could push the price toward the $3 level.
