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#M According to the data analysis from Aice100, when the $M price is around $0.72, the 24h change is -74.67%.
Simply put, the short-term trend is downward, and the weakness is accelerating.
But one thing to note: 60% of the shorts are still making money. The funding rate is -0.294%, meaning shorts are still paying. The key level was not held, so the rhythm may fluctuate.
Don't let $0.6984 break; if it does, risk will spread. $0.738 is the first barrier for recovery.