The Panic Index has reached its lowest point since October

After half a month of consolidation and shakeouts, the trading volume of ETH has dropped to its lowest point since Trump's election, and even the Panic Index from Coinglass has reached its lowest value since October. Especially after the constant fluctuations, this wave of consolidation is nearing its end.

In recent days, Ethereum has repeatedly experienced fluctuations and shakeouts, which have two main objectives. One is to wash out positions through extreme volatility, and the other is to test the market. Testing the loyalty of the remaining positions, making sure they don't all flee when the price moves up. The final results are reflected in the sharp decline of trading volume.

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