$AOP failed to hold above 0.035 and directly dropped back to 0.0323. This pullback looks scary, but the trading volume hasn’t actually expanded much compared with the past few days. In plain terms: that last push up didn’t have enough volume to sustain it, so short-term capital fled faster than anyone. On-chain, there’s something interesting: the large-holder addresses haven’t moved, while smaller holders are cutting losses. This kind of structure has been seen too many times—what separates a shakeout from distribution is whether it can hold at the critical levels. The Alpha sector’s overall sentiment has been weak lately, and capital has been running toward the mainstream; in times like this, smaller coins are easy to get forgotten. But I actually think that when the market’s attention comes back, those that fell hard often rebound fast. 0.0323 is the recent floor—if it breaks, you really have to run. If it doesn’t, then we can watch after ranging for two days to see whether new funds move in. What do you think?