$H 24-hour plummet of 50%, dropping directly from 0.589 to 0.2075, with a trading volume of 667 million USD, who is picking up the bag?

【News Source】On-chain monitoring data shows that the $H project address transferred 210 million tokens to an exchange at 4 a.m. UTC, accounting for 4.2% of the total supply, and at the same time, the official Twitter deleted several roadmap tweets about the Q2 staking airdrop 12 hours ago.
【Trade translation】This move, in plain language, is: the project team pumped the price up a few days ago to dump, and also deleted the “future good news” tweets, indicating internal knowledge of an impending issue. The combination of transfers and tweet deletions is a typical “pre-escape signal,” retail investors are still hoping for a rebound to 0.5, but on-chain data shows that whale addresses have been continuously net outflowing over the past 6 hours.
Currently, the low-price zone of 0.20-0.22 on the order book has a large number of bot buy orders supporting the price, but the order depth is only 200k USD. This is market maker manipulation—not genuinely protecting the price, but creating an illusion of “support” for retail investors to slowly exit. After the needle pierced 0.2075 early morning, it was immediately pulled back, but the rebound was very weak, indicating the bulls are already exhausted.
【Trading strategy】- Short-term: If the rebound in the 0.215-0.220 range is weak and volume shrinks, it’s a signal to chase short positions on the right side, with a target first at 0.19. If volume increases and it stabilizes above 0.23, close short positions immediately. - Spot: The current position has a very low success rate for buying, unless you’re willing to accept another 50% drop. It’s only worth small positions around 0.15 to gamble on a rebound, with a stop-loss at 0.13. - Position sizing: Under current volatility, any unilateral position should be no more than 2%, or one needle could cause a blow-up.
As usual, you must think clearly before entering: this coin has fallen 80% from its all-time high, are you catching a rebound or flying knives?
Has the news already been priced in?