#w After the sharp plunge, a battle between buyers and sellers is underway.
#Wormhole The 24-hour decline briefly exceeded 30%, while futures trading volume surged to $540 million, driving short-term volatility to the extreme.
But funds have not completely withdrawn: data shows inflows of around $11 million, as some traders try to buy the dip.
There is now a major divide between bulls and bears; the key is to watch how well buying support holds.
After a sharp drop, watch for a rebound; if support breaks, brace for further declines.
#Wormhole The 24-hour decline briefly exceeded 30%, while futures trading volume surged to $540 million, driving short-term volatility to the extreme.
But funds have not completely withdrawn: data shows inflows of around $11 million, as some traders try to buy the dip.
There is now a major divide between bulls and bears; the key is to watch how well buying support holds.
After a sharp drop, watch for a rebound; if support breaks, brace for further declines.