$LAB Emotions are ignited, fear is amplified infinitely. Panic sell-off???

Once the bad news is released, the price quickly drops, and this wave of decline is clearly driven by news sentiment. On-chain data shows that the main capital has not shown obvious abnormal movements; fundamentally, it’s still an emotional sell-off. The long-short ratio remains as high as 950%, market panic is being amplified, and many investors are starting to flee. This kind of collective panic can actually be exploited by contrarians; the main players are unlikely to let go easily, and there’s a high probability of a short-term rebound.

The current trend is still unclear, so everyone can consider shorting with a light position, setting a stop loss at 3.8.