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🚨Brothers, I've been keeping an eye on the market data of $MERL lately, and the more I look, the more I feel that something is off—it's not alarmist, something big is really coming.
In December, on several key dates (the 12th, 15th, 16th, and 19th), a total of 70 million coins $MERL will be unlocked! What does this mean? The circulating supply will be blown up, and the market simply cannot digest it. Even if those OTC people don't all sell, just the expectation of "potential selling" has already made many holders uneasy—have you noticed that funds on-chain have quietly started to withdraw recently? The buying pressure has clearly diminished, who still dares to push it up?
Not to mention that the cost of acquiring these early goods was ridiculously low, and now the price is pure profit for them. As soon as there is a slight rebound, someone will immediately sell high to cash out, so don't expect it to stabilize at all.
The technical aspect has long been unable to hold up, and the resistance level has not been effectively broken even once. Now it is a triple blow of "supply surge + capital withdrawal + technical fatigue", and the bearish logic is too smooth.
My personal opinion is very clear: don't fantasize about a V-shaped reversal; this wave is very likely a downward trend accompanied by panic. If you still have long positions, it's advisable to stay calm; if you're looking for opportunities, seriously consider shorting at highs.
Remember, it's not that I'm bearish, it's the market itself sending signals. Keep a close eye, if this wave goes as expected, those who positioned themselves early will definitely reap the rewards.