$龙虾 market cap hits a new high, but trading volume shrinks to a fraction—this divergence is more worth watching than the candlesticks.
On September 12, when the market cap was 115 million, daily trading volume was still 84 million. On September 13, with a market cap of 180 million, volume surged to 163 million. Now that the market cap is 246 million, trading volume has dropped instead to 58 million. The new high is being propped up with increasingly thin liquidity—not by incremental buy orders pushing it.
On-chain signals are even more direct. The top giant whales are withdrawing in batches: some addresses have sold 47.66 million tokens, while others have sold more than 10 million. The team-linked parties are also reducing holdings—so far they’ve sold about 1.3 million tokens, or 20% of their holdings. Earlier, at the end of August, another 144 million tokens were transferred to Aster-related addresses, and the purpose has not been disclosed to date.
Short directly at 0.24–0.25, stop loss above 0.28, first target 0.18. If it breaks down, look for 0.13. The books created by the volume-price divergence will have to be settled eventually—bias is bearish. Hold steady.
On September 12, when the market cap was 115 million, daily trading volume was still 84 million. On September 13, with a market cap of 180 million, volume surged to 163 million. Now that the market cap is 246 million, trading volume has dropped instead to 58 million. The new high is being propped up with increasingly thin liquidity—not by incremental buy orders pushing it.
On-chain signals are even more direct. The top giant whales are withdrawing in batches: some addresses have sold 47.66 million tokens, while others have sold more than 10 million. The team-linked parties are also reducing holdings—so far they’ve sold about 1.3 million tokens, or 20% of their holdings. Earlier, at the end of August, another 144 million tokens were transferred to Aster-related addresses, and the purpose has not been disclosed to date.
Short directly at 0.24–0.25, stop loss above 0.28, first target 0.18. If it breaks down, look for 0.13. The books created by the volume-price divergence will have to be settled eventually—bias is bearish. Hold steady.
