The current market cycle in the crypto space is陷入 a classic tug-of-war between bulls and bears. On-chain data shows that the holdings and cost basis of large traders' long and short positions are astonishingly symmetrical — this is not a coincidence, but a sign that the market is repeatedly testing the bottom and top levels. The price is precisely trapped within this cost vacuum zone, oscillating back and forth, with no one able to dominate the other.

What does this pattern imply? It indicates that the market is accumulating strength. Once sufficient trading volume enters, the price may suddenly choose a direction — either breaking through the bullish cost zone or falling below the bearish cost zone. At that point, it will be a one-sided trend, and those who fail to catch the right rhythm will get caught out.

Currently, the market fee rate has dropped to zero, indicating that neither bulls nor bears have the upper hand. This is usually a quiet period before a trend begins. For traders, before a clear breakout from this critical zone, chasing gains or cutting losses can easily lead to traps. Instead of blindly guessing, it’s better to wait for a clear directional signal.

Quick technical overview: The price is around 883.48 USDT, with resistance above at 907.65 (3.09% away), and the resistance zone is between 905.36 and 924.84. Breaking through these levels won't be easy, but once broken, it could trigger a chain reaction.