24-hour low: 0.9999; high: 1.2013. $FIL —now that’s one wild chart. 😏 Spot trading volume topped 22 million U, and the intraday swing hit 20%. That’s no retail-trader move. I’ve been watching a few whale addresses, and they started showing unusual activity a couple of days ago—their holdings are quietly changing hands. There are two camps in the community right now: one says the storage sector is finally blooming again, while the other says it’s just a bull trap after being oversold. Put simply, $FIL has been trading sideways for too long, with plenty of bagholders, so there’ll be significant selling pressure if it rallies. But on the other hand, funding rates haven’t reached extreme greed, and the long-short ratio looks fairly healthy, which suggests this move isn’t driven purely by sentiment. I’ve seen several big-name influencers talking about a DePIN narrative revival, and the storage sector does seem to have been overlooked for too long.

$FIL #行情分析 #On-chainData