Today, the spot market showed several signs of a pullback. BIFI experienced the most severe decline in the past 24 hours, dropping by 24.49%, making it the biggest loser today. Close behind is 0G, which fell by 20.75% and is also feeling the pressure. MITO is even more outrageous, dropping 26.45% in a single day, a complete rollercoaster.
However, looking at these few tokens alone is not enough; let's take a quick look at the performance of others: API3 down 9.48%, INIT down 16.12%, PLUME down 11.58%, all showing clear retracements. Even relatively resilient tokens like RPL and AIXBT experienced declines of 5.8% and 5.53%, respectively.
The multi-chain market's adjustment this time is quite obvious; after a surge, some traders started to take profits. Such fluctuations are normal market rhythms; it remains to be seen whether new catalysts will emerge to rekindle bullish sentiment.
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alpha_leaker
· 6h ago
MITO drops 26% directly, this is the real roller coaster. Yesterday it was still shouting "Charge!", and today it got hammered down haha
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This kind of decline really seems harsh, feels like a shakeout is starting again. Can I still buy the dip with the coins I hold?
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Wait, RPL only dropped 5.8%? Its resilience is incredible, while other coins are bleeding out
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Multi-chain adjustments across the board, no one can escape this disaster. Just waiting for the next catalyst
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BIFI and MITO both plummeted. Is someone dumping the market, or is there a fundamental problem? Does anyone know?
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This correction is quite normal. It rose too fast and needs to pull back. The key is not to fall further
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API3 dropping 9 points, so what? Look at the big brother in the crypto space next door, that drop was so shocking it stunned everyone
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AirdropAutomaton
· 12-26 22:50
MITO's 26% drop is outrageous, a complete bloodbath.
0G and BIFI haven't fared much better, it's really quite uncertain.
But on the other hand, such frequent corrections are common, let's just wait for a new catalyst to appear.
With so much invested... is it still possible to buy the dip?
View OriginalReply0
BlindBoxVictim
· 12-26 22:50
Oh my, MITO drops 26 in a day, that must be painful
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It's that time again for the leeks to cut their losses
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The spot market is smashed like this, is there some big event coming
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BIFI drops to 24, I’ve finally seen through it, this is the rhythm of cutting leeks
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When it rises, everyone is ecstatic; when it falls, life feels worse than death, truly a roller coaster
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Waiting for new catalysts? Probably just waiting for the next round of bagholders
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A full-scale crash, nothing but cutting losses
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This wave of adjustment feels unusual, the signals don’t seem right
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I really can't hold back the 26.45 for MITO
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Still talking about normal rhythm? It’s already smashed like this
View OriginalReply0
BlockchainFries
· 12-26 22:42
MITO's 26% drop completely threw me off. Is this the rhythm of clearing out positions?
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It's the same old story of cashing out profits. Where are the catalysts? Waiting to see.
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BIFI dropped 24% and exited directly. This wave of losses is quite harsh.
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All lines are retracing. Looks like I need to wait for new stories to emerge.
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RPL has fallen 5%, indicating there's no resilience against drops.
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MITO drops by half in a day. I choose to close my eyes.
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Profit-taking on the rise. If this rhythm continues for a few more waves, I should rest.
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Who is more miserable: 0G or BIFI? Let's see what happens next.
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Waiting for new catalysts. Nothing to do anyway.
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This wave of adjustment is just a shakeout. Don't overthink it.
View OriginalReply0
GasFeeWhisperer
· 12-26 22:35
MITO dropped 26%? How much can it crash, and how are there still people willing to buy in?
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Another "normal correction," where are the catalysts? That word is really magical.
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RPL only dropped 5.8%, is that considered resilient? It looks more like it's causing trouble.
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Spot market is all red, I really don't understand where the hotspots are.
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Talking about realizing profits sounds nice, but in reality, it's just big players cutting losses.
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0G and BIFI crashing together, we probably need to wait and see how the market develops.
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How long can this wave of correction last, and where is the bottom? I have no idea.
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API3 dropped over 9 points, this is what a normal correction should look like.
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Is the multi-chain market cooling down? Or is it just a cyclical phase?
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That drop in MITO is really frightening. Who the hell is still holding it?
Today, the spot market showed several signs of a pullback. BIFI experienced the most severe decline in the past 24 hours, dropping by 24.49%, making it the biggest loser today. Close behind is 0G, which fell by 20.75% and is also feeling the pressure. MITO is even more outrageous, dropping 26.45% in a single day, a complete rollercoaster.
However, looking at these few tokens alone is not enough; let's take a quick look at the performance of others: API3 down 9.48%, INIT down 16.12%, PLUME down 11.58%, all showing clear retracements. Even relatively resilient tokens like RPL and AIXBT experienced declines of 5.8% and 5.53%, respectively.
The multi-chain market's adjustment this time is quite obvious; after a surge, some traders started to take profits. Such fluctuations are normal market rhythms; it remains to be seen whether new catalysts will emerge to rekindle bullish sentiment.