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#M Through the data analysis of Aice100, it can be seen that when $M 's price is around $0.5891, the 24h change is -79.32%.
Simply put, the short-term quickly fell, with funds somewhat eager to exit.
But note that the whales just turned short, shifting from 62:38 to 42:58. Currently, 60% of shorts are still in floating profit. The key level was not held, and the rhythm may fluctuate.
Holding $0.57143 leaves room for recovery; standing back above $0.60383 counts as easing.