$BILL has been hammered from $0.01 to $0.008560, down 18.40% in 24 hours, yet trading volume is still $14M. Those numbers together don’t add up. During a typical panic sell-off, volume dries up because there’s nobody buying. But volume hasn’t collapsed for BILL, which suggests someone is buying the dip—and doing so in a very deliberate way. I spotted a signal most people seem to be overlooking: over the past few hours, several addresses that usually only handle stablecoin swaps suddenly started absorbing BILL sell orders in batches. Each order is small, but the intervals are very regular—it looks like algorithmic accumulation, not retail investors buying the dip. More importantly, BILL deposits to exchanges have seen net outflows over the past 12 hours, while the number of withdrawals has actually increased. That means tokens are moving from exchanges into private wallets. Usually, this combination of “price falling, volume holding up, and coins leaving exchanges” means either the project team is defending the price through market making, or someone is building a position at lower prices because they know something in advance. Given that the 24-hour low was exactly $0.01, there was almost no resistance above $0.01. Once buying support pulls back, it could easily drop another level. On the other hand, if those withdrawal addresses later consolidate their funds, this drop could just be a shakeout. I’m inclined to think BILL will dip once more in the short term, but not by much, because there’s no sign on-chain of large-scale panic transfers. The real thing to watch is whether those withdrawal addresses move their funds to mixers or cross-chain bridges. If they do��it would suggest someone is preparing to exit; if the funds stay put, they’re waiting. Let’s see. What do you think?