Bitway's 5,000% Surge Raises the Question: Is a Crash Next?

Bitway (BTW) is among the biggest winners in crypto at the moment, even though heavy bearish wagers are stacked against it. After touching an all-time high of $2.75 on October 14, the token slipped to $2.45 and still showed a 27.5% gain over the past 24 hours.

Those positioned against the move had to pay for it. CoinGlass data shows close to $2.9 million in short positions were liquidated in a single day.

What is pushing this little-known token higher, and how much more room does it have to run?

$BTW is trending as one of the most searched coins after pumping 41.4% to break into the top 20 crypto by market cap.

— CoinGecko (@coingecko) October 14, 2026

What Is Behind the Sudden Bitway Buying Spree?

Bitway is a crypto project built around yield-earning products and a Bitcoin-compatible blockchain in the works. Its BTW token handles staking, rewards and governance.

There is no obvious one-off catalyst for the rally. Binance Wallet campaigns and Bitway Earn programs are among the factors encouraging token lockups, and Bitrue listed BTW for trading on October 13.

Supply may be part of the explanation. CoinGecko puts the circulating supply at 1.5 billion of BTW's 10 billion tokens, a scarcity that can make buying pressure stronger.

The surge also made BTW one of CoinGecko's most-searched cryptocurrencies.

One Trader Is Betting $100,000 on a Crash

Crypto trader Crypto__Haris went public with a $100,000 short, warning that BTW could fall 60%–80% after its roughly 5,000% rise.

So far, fading this rally has been expensive.

CoinGlass counted $2.9 million in shorts liquidated versus only $543,000 in long losses. Funding is still slightly negative, a sign that bearish bets remain in place even as prices climb.

Open interest has climbed to $302 million, although the number of BTW tokens represented by those positions has yet to surpass September peaks.

You can never have a better opportunity to SHORT $BTW than now.

I already opened a $100K SHORT position on $BTW.

BTW has already pumped around 5000% since listing on Binance, and from the last 1 month it is continuously pumping.

Just like other whale-driven coins, $BTW is…

— Crypto with Haris ₿ (@Crypto__Haris) October 14, 2026

Can Bitway Reach $3, or Is a Reversal Looming?

Warning signs are building. BTW's daily RSI is at 81, an overbought reading, and volume is weaker than it was in past rallies.

The bullish breakout, however, is still intact.

A push through 2.75–2.81 could bring the $3 round number into sight.

A daily close below $2.28, on the other hand, would point to fading momentum, and losing $1.80 could lead to a much deeper slide.

For now, BTW still looks prone to a reversal, but those expecting a quick crash could face another short squeeze.