🔥 This wave of MASK's plunge is simply a textbook-level scene of harvesting retail investors! Combining on-chain data and market sentiment, I break down the threefold killing mechanism behind this bloodbath:
💥 Trigger: A series of black swan events igniting panic
The founder's wallet was hacked for 4 million dollars
The hacker incident on June 1 directly shook the project's foundation, and investors began to question the team's risk control capabilities. It's like discovering that the bank vault has been pried open, causing depositors to queue up for withdrawals overnight.
Big whales precisely targeted
On June 2, a large holder sold 2.1 million dollars worth of tokens, combined with a mysterious whale dumping 6.1 million dollars on June 6, these two operations directly drained liquidity. These whales had an average cost of only 1.25 dollars, and their unrealized gains reached up to 150% when they sold, perfectly illustrating the scenario of 'the dealer eating the meat and taking the pot away'.
Although the news of acquiring Orb.club on June 4 temporarily boosted the price, sharp observers could see that this was a 'good news turned bad' routine. It’s like a casino suddenly increasing the stakes and giving out chips; seasoned gamblers know it's time to run.
📉 Technical death cross: All indicators are screaming danger
RSI 77 overbought warning: This value is equivalent to blood pressure spiking to 200; if it doesn't cool down, it'll burst a blood vessel.
2.57 billion in massive volume: The signs of the dealer's manipulation are obvious, and the daily chart has formed a classic 'fishing line' harvesting pattern.
The 2.56 dollar defense line has been breached: After breaking the Fibonacci key support level, it triggered a series of liquidations from algorithmic trading.
At this point, those still shouting 'buy the dip' are either bad or foolish—it's like seeing the Titanic hit an iceberg and still convincing people to buy third-class tickets.
🎭 Human nature game: The ultimate showdown between greed and fear
Retail investors' FOMO psychology
When the price surged to 3.7 dollars, countless novices rushed in listening to the nonsense of 'Web3 social leader' and 'the next hundredfold coin'. The result was they became the last players in a game of hot potato.
Market makers precisely controlled the market.
🔮 Future trends: Three bloody scenarios
Dead cat bounce
It may hover around 1.7-2.1 dollars, attracting retail investors for a second round. But remember: to break even after a 50% plunge, it needs to rise back 100%. Do you think the dealers will act as philanthropists?
If you want to make money, don't be a lone warrior! Follow me, comment and tell me your thoughts, let's seize the lucrative opportunities of the bull market together.
