$$BEAT 24-hour drop of 30%, crashing from 8.2 to 5.0, with a trading volume of 360 million. After reviewing the three previous halving cycles, I’ll directly give the conclusion: this shakeout is similar to June 2019, with a sharp decline followed by sideways consolidation and then a rise.

Historical data: before the third halving in 2020, BEAT dropped from 12 to 4, a 67% decline, then rose to 28 in three months. This time in 2024, from last year’s high of 15.8 to 5.1, a 68% decline, perfectly aligned. Sixty days after halving, both previous instances were starting points, and there are 47 days until the next halving.
Cycle pattern: every time there’s a single-day plunge of over 30%, the following 30 days see an average rebound of 42%. Currently, the panic index has fallen to 21, the last time this level was in October 2023, after which it tripled. On-chain data is even more critical: yesterday’s seven large transfers are the highest in the past 30 days, indicating major players are accumulating.
Operational suggestion: at 5.0-5.2, consider building a 20% position, with a stop loss at 4.5 (support from previous lows). First target is 6.5 (20-day moving average on the daily chart), second target is 8.0 (previous high). If it breaks below 4.5, wait for 4.0 to add another 10%. Keep position size below 30%, preferably in stages.
If wallet addresses that haven’t moved in over 30 days are holding, they are mostly long-term chips; this shakeout is mainly cleaning out short-term traders. I added another 2000U to my BEAT holdings today, betting on recovery before the halving.
Pay attention to a detail: the 24-hour high was 8.2, the low was 5.04, with a volatility of 62%, which is a typical accumulation zone for major players. Both previous cycles followed this script: sharp decline first, then slow rise to new all-time highs.
History doesn’t repeat simply, but it rhymes.