$M This high-level sideways trend has lasted for 35 days, how much longer can it hold?

The market maker has pulled the plate to 80 times, and now the market value is stuck at 3.8 billion, calculating a total circulation of 11.5 billion. With such a scale, this has already become the ceiling for most projects in the crypto space. However, the market is currently bearish, and it simply cannot digest such heavy selling pressure.

What I worry most about is taking the old path of $HIPPO, $RIVER, $OM — the project party shorts the market, causing a drop of fifty to sixty points in a single day to liquidate the bulls, and then it slowly declines while dumping, gradually offloading.

Now focus on three signals:

1. Comparison of overall funding rates and long and short positions. If the contract trading volume surges in a short period, it may indicate that the market makers are intensively placing short positions.

2. Is there a large accumulation of chips on the chain? This is a common operation before a crash.

3. Is it that a bunch of KOLs suddenly appear and concentrate on making calls to create momentum? This is often a signal to offload.

The market sentiment is so fragile that even the slightest disturbance could lead to a collapse. Everyone should weigh this for themselves.