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Why EVAA has high trading volume: profit-taking after an early blowout + liquidation reversals. Earlier (around July 8), it surged 171% in a single day alongside massive squeezes and several million dollars in liquidations; now it has pulled back sharply, triggering a new round of sell-offs and leveraged position closures, with trading volume exploding.
Estimated outlook for the later phase: a high-volatility adjustment period; in the short term, it may continue to fall or experience violent fluctuations. The risk is extremely high—suggesting either very light positioning or staying on the sidelines, and using strict stop-losses.
$EVAA