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Look at $M 's on-chain trend, rising instead of falling amid doubts, approaching a new all-time high. This is not a coincidence; it's a typical structural consensus.
What does it mean? It means that when external FUD hits, holders do not panic sell; instead, they quietly increase their positions, continue staking, and keep building.
This behavior is called "chip sedimentation" in data, and in the community, it's called "faith."