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From the data, it appears that the main forces have stopped dumping and have slightly replenished some long positions, while closing some short positions (the open interest has slightly increased, and the inflow of the main contract is six times the increase in open interest). The time frame is still not long enough to determine if we are entering a range-bound fluctuation; for now, everyone can treat the positions of these two lines as support and resistance in the short term. Those with positions don’t need to cut losses.

Currently, the capital flow is mainly concentrated in altcoin VC, and this is a native project on BSC, being one of the latest altcoins listed recently. There is some background heat, so it depends on when the major players decide to act.