$币安人生 is hovering around 0.40 again. The market looks calm on the surface, but beneath this fragile balance, risks are quietly accumulating.
The flow of funds doesn’t lie. In the last 24 hours, there’s been a net outflow of over 60 million major orders. The big players are continuously retreating, and the buying pressure supporting the current price mainly comes from retail investors. As early as mid-April, there was a significant withdrawal of coins by a controlling group from the exchange, completing a lock-up strategy in the 0.20-0.25 range. Facing the current price of 0.40, their unrealized gains are substantial, and combined with the narrative from CZ's new book release, they have all the conditions to distribute based on market sentiment.
At the same time, CZ has publicly clarified that this token has no connection to him or Binance. Not only that, but Binance even removed some trading pairs related to Binance Life at the end of March. As the “CZ concept” halo constructed by market imagination begins to fade, its inflated value will face significant pressure.
Currently around 0.40, with resistance at 0.42, consider lightly shorting in batches, with strict stop-loss above 0.43. The first target on the downside is 0.38, and if it breaks down, we’ll look towards around 0.35. At this position, not chasing highs blindly is the more rational choice.
The flow of funds doesn’t lie. In the last 24 hours, there’s been a net outflow of over 60 million major orders. The big players are continuously retreating, and the buying pressure supporting the current price mainly comes from retail investors. As early as mid-April, there was a significant withdrawal of coins by a controlling group from the exchange, completing a lock-up strategy in the 0.20-0.25 range. Facing the current price of 0.40, their unrealized gains are substantial, and combined with the narrative from CZ's new book release, they have all the conditions to distribute based on market sentiment.
At the same time, CZ has publicly clarified that this token has no connection to him or Binance. Not only that, but Binance even removed some trading pairs related to Binance Life at the end of March. As the “CZ concept” halo constructed by market imagination begins to fade, its inflated value will face significant pressure.
Currently around 0.40, with resistance at 0.42, consider lightly shorting in batches, with strict stop-loss above 0.43. The first target on the downside is 0.38, and if it breaks down, we’ll look towards around 0.35. At this position, not chasing highs blindly is the more rational choice.
