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The data doesn’t look right! $VELVET / The $RIF pair of tokens is showing extreme divergence: $VELVET crashed 70% in a single day but racked up trading volume of 1.53 billion—far beyond what you’d expect in a market-cap-level collapse; while $RIF rose 33% with only 230 million in trading volume—both price and volume are completely disconnected.
I suspect three possibilities: First, huge turnover is driving $VELVET into panic selling, but the counterparties are accumulating; second, $RIF’s rise could be a false boom caused by closing arbitrage positions tracking $VELVET; third, it may be OTC wash-trading funds cleaning liquidity to set up the next leg of the rally.
Suggestion: If $VELVET wants to bottom out, wait for a volume breakout and a move above 0.7 before entering with a small position, and set a stop loss at 0.35; be careful when chasing gains on $RIF—take profit in time when momentum fades. Signals like this divergence happen only a few times a year. Whether it’s a shakeout or a true crash will be clear before Friday. Follow me and keep your eyes on the next massive candlestick.