At 2:30 a.m., the top gainers list is still showing a coin up 31%, with trading volume hitting 6.85 times its average. The overnight short-term money clearly hasn’t gone to sleep. But the 81% volatility on the losers list is right there too. This market is hot and bumpy: sentiment is clearly hyped, but not exactly calm.

$MET is tonight’s engine, up 31.08% over 24 hours and trading near the top of its range at the 95% mark. It’s climbed another 9.28% in the past hour, with volume at 6.85 times its average. That’s real money pushing it higher—not a move made on thinning volume. But its 49.32% volatility is a reminder that anyone along for the ride has been shaken around plenty.

$PENG’s 21.62% gain looks impressive, but most of it came earlier in the night. It’s already pulled back 3.80% over the past four hours, sliding from the top of its range to the 79% mark. One-hour volume is down to just 1.42 times average. There’s no real volume pushing it right now; at best, it’s taking a breather after a spike. It’s not in the same league as MET.

$GRIFFAIN is down 29.66%, but with 81.88% volatility and $99.8M in trading volume, this is a classic panic sell-off: buyers and sellers have been battling it out all night, not a slow decline nobody cares about. It’s rebounded 6.12% over the past four hours, and one-hour volume at 1.11 times average is back near normal. The knife has hit the ground, and it’s catching its breath at the lows.

In this kind of market, I’d rather wait for two things: whether MET can hold its price once volume cools off, and when GRIFFAIN’s volatility starts to narrow. If it doesn’t, it means bulls and bears are still slapping each other across the table, and neither side has conceded. Until then, I’d rather sit back and watch. When the tide is running fast, standing on the shore feels safer than thrashing around in the water.

#行情分析 #涨幅榜 #TopLosers

These are my personal observations and do not constitute investment advice. The market can get crazy, but you have to manage your own position.