For the $BREW that saw a rebound of over 15% in price again within the last hour, the order book shows a clear acceleration in the buy-side push. It has also entered the BSC trend board and the top three on the smart money net inflow list.

With a market cap on the scale of tens of millions, the buy-side’s主动承接 (active absorption) characteristics are very clear: in the past 24 hours, matched trades surpassed 20,000 orders, and the traded value exceeded $3.3 million. Of that, within the most recent hour, buy orders matched traded value exceeded $110,000—accounting for nearly 64% of that period’s total. Buy-side matches reached 718 orders, significantly outweighing the 522 sell orders on the opposing long side. Currently, the number of on-chain addresses holding the asset has exceeded 14.1k. Liquidity pools remain above $1.16 million. Thirty-five smart-money addresses together hold 6.27% of the float; 960+ Binance wallet addresses also hold 9.25%, and the project team’s holdings are zero.

However, while buy-side activity is high, the apparent co-mingling and concentration of capital still stands out: on-chain, 327 bundled wallets (Bundler) collectively control 28.45% of the circulating supply. In an environment where capital from multiple channels gathers and battles again, the subsequent reallocation and realization/settlement cadence of nearly 30% of bundled-related holdings remains a key variable to watch in short-term trading.

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