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Just now, I saw that OP has dropped over 22 percent in a short period of time. The reason seems to be Base's decision to part ways with the OP Stack and consolidate network operations. This has significantly reduced the stack's revenue streams and led to massive capital outflows from exchanges.
Trading volume has exploded, sales have increased by 157 percent, and there is a clear capital outflow in the futures markets with about $7.5 million leaving the exchanges. The broader market only lost 2 percent, but OP was hit much harder. Technically, it doesn't look good; this altcoin has already lost about 60 percent this year.
Analysts mention a critical support level at $0.20. If it breaks, it could drop below $0.10. Currently, OP is trading at around $0.13, which is at least a small rebound from yesterday. I am watching this closely, especially whether the capital outflow stabilizes or continues. The next few days will show whether a bottom is forming here or if the decline will continue.