Haqimi took another cut, 24h -12.9%. This is the 2nd consecutive same-direction decline within 24 hours. The alarm’s action was very direct: keep falling, score 0. The initial push happened 20.6 hours ago, which means this downturn didn’t just start—it has been going on for a while and won’t stop.

Look at the short-term data: 5m -4.7%, 1h -5.1%. Both cycles are moving downward in sync, and there’s absolutely no sign of stabilization in the short term. Trading volume is 9.5 times the average volume. This amount appeared during the selloff. It’s not a slow, low-volume decline—it’s a genuine, high-volume distribution. A selloff on rising volume with a “keep falling” tag—anyone catching falling knives is basically there to lift the sedan chair.

Looking at the social side again: on X there is 1 mention, 0 KOL voices; BSQ is only 13. Channels: 0; groups: 1. In the past 4 hours, there have been 0 public mentions. This kind of social quiet is a very typical signal—no one is discussing it, no KOLs are putting their stamp on it, and market attention has already cooled off. When it’s falling, nobody is calling for a bottom-buy, which indicates bullish sentiment has already dispersed. In this kind of tape, trying to rely on a sentiment rebound is difficult.

In terms of execution, my view is very clear: don’t participate this round. A breakdown with volume expansion continuing to fall plus a social “ice point” with no supportive signals whatsoever for entering. If you really want to watch it, then wait until it has fully “dropped through,” and only then consider—when volume contracts, 5m and 1h stop making synchronized new lows, and social activity starts to show only a few sporadic discussions. Entering now is a gamble, not a trade.

If you’re holding a position, a rebound is an opportunity to reduce exposure—don’t fantasize about a V-shaped reversal. If you’re in cash, hold your hands—let it keep falling.

Risk warning: In a selloff where volume expands and the downtrend continues, volatility is high. Bottom-catching against the trend is prone to getting trapped repeatedly—make sure to control your position size.

Data snapshot: 24h -12.9% | 5m -4.7% | 1h -5.1% | volume ratio 9.5

—— 22:33 Market notes