Why is Bitway up 40.00% Today, July 29, 2026? High Turnover Sets a Fragile Momentum Test

Bitway (BTW) surged 40% in 24 hours, materially outperforming a mildly risk-on tape (BTC +1.2%, ETH +1.9%, total market cap +0.38%). With USD 23.34M volume (~10.43% of market cap), the move reflects active repricing, but the lack of a verified same-day catalyst and extreme holder concentration (top-10 at 99.01% of supply in available data) increases reversal and execution risk.