The lab's claims from the last two times have basically come true, so let's take this opportunity to review.

I've mentioned many times before that the risk of the chips being concentrated in the hands of a few people is very high. It seems I still underestimated it. Someone on-chain specifically checked, and the amount of chips held by insiders is even more exaggerated than imagined—almost all in their own hands.

That 18.56u wall we mentioned earlier was said to be very hard to break. It didn't break—instead, there was a direct flash crash. After hitting an all-time high of 27.3u on June 2, the price dropped by more than half within two hours, wiping out billions in market cap instantly. With this kind of movement, big money that exits fast can dodge it, but retail investors are basically buried.

The abnormal funding rate signal we mentioned earlier was a warning to be careful. Later, it turned out that a protocol called PiggyBank took a hit while hedging on LAB. When the funding rate turned deeply negative, they were forced to liquidate, incurring significant losses. Moreover, the batch they held couldn't be moved until August 14 due to poor liquidity.

Now the price is back around 15u, having fallen sharply from the 27.3u high. The 15u support level we mentioned earlier is currently being held.

But the core problem with this coin hasn't been resolved. There are still hundreds of millions of locked tokens that haven't been released, and another batch unlocks on August 14, bringing a new wave of selling pressure.

In the short term, we need to see if it can stabilize and whether volume picks up. If it stabilizes with volume around 15u, you can take a light position for a rebound, targeting the old resistance at 18u, with a stop-loss below 13u.

But with this kind of highly concentrated coin, a flash crash can happen again at any time, so you really can't have a heavy position.

$BTC
#$LAB