$CYS crashed from $1.05 to $0.45, and I wouldn’t just write it off as “bad tech support.”
Over the past day, exchanges have started actively moving $CYS from cold reserves into hot wallets.
Bitget — 6.5M CYS
Gate.io — 1.918M
KuCoin — 7.54M inflow
Plus more than 13.4M $CYS went through Bithumb and Bitget.
When such volume suddenly becomes available for sale, and the order book is thin, the price doesn’t resist for long.
That’s how a small imbalance can turn into a liquidation cascade.
For me, the main question now isn’t “why did $CYS drop?”
But how many more tokens are still ready to be brought to the market.
Over the past day, exchanges have started actively moving $CYS from cold reserves into hot wallets.
Bitget — 6.5M CYS
Gate.io — 1.918M
KuCoin — 7.54M inflow
Plus more than 13.4M $CYS went through Bithumb and Bitget.
When such volume suddenly becomes available for sale, and the order book is thin, the price doesn’t resist for long.
That’s how a small imbalance can turn into a liquidation cascade.
For me, the main question now isn’t “why did $CYS drop?”
But how many more tokens are still ready to be brought to the market.
