-65%? $NFP This long red candle just buried everyone who chased the price. It went straight from 0.0057 down to 0.00168—there wasn’t even a decent rebound in between. This kind of drop isn’t something retail investors would cause; the chip/position structure has broken down. On-chain data is even more straightforward: in the past 48 hours, whale addresses have been selling off in batches, and every time there’s a rebound, someone unloads. Over in the community, nobody is calling for trades anymore—it's all questions like “Can I bottom-fish?” That kind of sentiment usually isn’t the bottom yet. Volume is, however, picking up: with $1B in 24-hour trading, it shows bulls and bears are still aggressively rotating positions at this level. But high turnover doesn’t equal a confirmed bottom—you need to see whether, over the next few days, it can slow down and stop the decline on shrinking volume; otherwise it’s just a lingering downtrend. Other projects in the same sector have been disappointing too. The AI agent theme is broadly fading, and funds have moved to play other things.

$NFP #行情分析 #on-chain data