Recently, some fans asked if there are any good spot targets, so I’ll share the current areas of focus.

Looking at on-chain data is quite interesting. SHIB recently experienced a large outflow of 50 billion tokens from exchanges. This signal is actually worth pondering—if the project team really wanted to dump, they would transfer tokens to exchanges, not withdraw them. So this seems more like someone quietly eating up the supply.

From a technical perspective, although SHIB is still in a weak phase, the decline has clearly slowed down. Despite being oversold for a long time, there hasn't been panic selling, and volatility is contracting. These signals together are typical of the late stage of a bear market. Selling pressure is weakening, and supply is shrinking. As soon as some incremental funds come in, SHIB’s rebound potential could be quite strong.

Friends focusing on spot should pay close attention. Additionally, UNI is also worth watching recently; both targets can be considered for observation. As for ETH, the Federal Reserve’s repo program is also ongoing, and the overall market liquidity outlook is changing.

Don’t be too impatient with bottom-fishing mentality, but the opportunity for positioning is indeed emerging.