First, the numbers. As of this point today, the top trading volumes are:

· $BTC 9303M, 24 hours +0.80%

· $ETH 6329M, 24 hours +0.34%

· $ZEC 2664M, 24 hours -2.71%

At No. 5 is $ZEC, at 2664M, down 2.71%. The price is 994.18, -4.28% from the 24-hour high and +4.53% from the low.

Now look at the previous day: it fell 7.73% yesterday, so the downward trend continued—it didn’t start today.

It’s clearer when you look at it in the context of today’s overall picture.

The five biggest gainers: AGT +200.16% (-10.01% from the high, +224.41% from the low); KGEN +27.25% (-9.40% from the high, +28.40% from the low); ERA +11.90% (-3.40% from the high, +13.78% from the low); Q +9.41% (-9.61% from the high, +14.15% from the low); IDOL +6.92% (-0.78% from the high, +49.14% from the low).

The five biggest drops: INIT -46.73% (60.31% below its high, 2.31% above its low); ONE -21.97% (24.13% below its high, 1.68% above its low); ON -18.08% (19.38% below its high, 3.84% above its low); 1000PEPE -15.65% (16.62% below its high, 1.57% above its low); AKE -11.63% (12.02% below its high, 9.05% above its low).

Among the gainers, 3 have already fallen more than 5% from their highs; among the decliners, 4 are still within 8% of their lows. One side is pulling back, while the other is stuck on the floor.

One thing is certain to happen next: funding settlement at 16:00.

The most extreme funding rates right now are HANMI -0.4713%, AGPU +0.4249%, BWET -0.3511%, BTW -0.2728%, and CYBER -0.2481%.

A negative sign means that at settlement, short sellers pay long buyers; a positive sign means the opposite. HANMI’s 0.47% works out to 4.71 per thousand of the notional amount changing hands.

The funding rates for BTC and ETH are +0.0077% and +0.0073%, respectively—almost negligible.

(Mentioned today: $ZEC $BTC $ETH)

How do you usually handle this kind of pullback after a spike?