Many people are asking what signal this sharp drop is sending. Let’s look at the real-time on-chain data:
The sell-off was triggered by a broad flight to safety as the Nasdaq weakened, institutional spot investors exiting, and leveraged longs being liquidated en masse. Older tokens with upcoming unlocks are facing an additional layer of long-term selling pressure.
The buying returning now is just a short-term rebound after oversold conditions. There’s no confirmation of a trend reversal yet, so there’s no need to rush into buying the dip.
The sell-off was triggered by a broad flight to safety as the Nasdaq weakened, institutional spot investors exiting, and leveraged longs being liquidated en masse. Older tokens with upcoming unlocks are facing an additional layer of long-term selling pressure.
The buying returning now is just a short-term rebound after oversold conditions. There’s no confirmation of a trend reversal yet, so there’s no need to rush into buying the dip.
