$NXPC The December burn narrative has already been aggressively priced in. Don’t rush to chase longs after the V-shaped rebound.
The official account announced today a one-time burn of about 95.7 million tokens in December (roughly 30% of the circulating supply), along with reduced emissions. The price touched the daily high of 0.1703 at 14:00, then plunged through the daily low of 0.1333 in a single hour at 15:00 (about -13%), before violently rebounding about +13% in a V-shape at 16:00 to around 0.158. About 66% of accounts are short, and funding rates have turned negative. The more shorts get squeezed, the easier a short squeeze becomes—but the current price is still about 7% below the daily high. Weakness would be signaled by a high-volume break below 0.15; the short thesis is invalidated if price reclaims 0.1703 on high volume while open interest continues to rise. Has the burn news already been fully bought up, or is there a second wave coming?
#NXPC十二月销毁 #Violent V-shaped rebound
The official account announced today a one-time burn of about 95.7 million tokens in December (roughly 30% of the circulating supply), along with reduced emissions. The price touched the daily high of 0.1703 at 14:00, then plunged through the daily low of 0.1333 in a single hour at 15:00 (about -13%), before violently rebounding about +13% in a V-shape at 16:00 to around 0.158. About 66% of accounts are short, and funding rates have turned negative. The more shorts get squeezed, the easier a short squeeze becomes—but the current price is still about 7% below the daily high. Weakness would be signaled by a high-volume break below 0.15; the short thesis is invalidated if price reclaims 0.1703 on high volume while open interest continues to rise. Has the burn news already been fully bought up, or is there a second wave coming?
#NXPC十二月销毁 #Violent V-shaped rebound
