Brief Description of Volatility

Over the past 24 hours, the price of CYS has dropped to a minimum of $0.1687, reached a maximum of $0.238, and is currently at $0.22705. The total range was 41.1%. Trading volume increased significantly to approximately $63.76 million, well above the usual level; net outflows from CEX amounted to about $63,000, while the overall net inflow was $264,200.

Brief Analysis of Causes of Anomalous Fluctuations
- Mainnet upgrade announcement: On April 10, Cysic officially announced a forced upgrade of the mainnet proof system to its own Venus zkVM, as well as the launch of a 96-hour promotion with a $2,000 reward, which directly caused a sharp price fluctuation and a spike in trading volume.

- No significant on-chain whale transfers or abnormal fund inflows were recorded; the anomaly was mainly triggered by the upgrade event.

Market Views and Outlook
The prevailing sentiment in the community is cautious; trading analysis indicates short-term dominance of a bearish market (support around $0.2025), but in case of a rebound, the target could be the supply zone at $0.2299; analysts warn of liquidity risks and possible 30% fluctuations after the upgrade, recommending waiting for confirming signals.