$NEWT Empty Logic:

1. Major exchanges in the entire network have cashed out: All major exchanges such as Binance Spot, Coinbase, Upbit, etc. are all included, and all secondary exchanges are included, with short-term expectations peaked;

2. Yesterday, I saw many KOLs starting to shout about staking. Generally, this staking tool is used to lock in liquidity and boost TVL, and this tool is typically used after other positive news has basically been realized, when there are no explosive positive factors in the short term. So, those who understand, understand; locking your secondary liquidity is the only way for the market maker to sell well;

3. AI + ZK + TEE + Asset Management is not a new narrative. It has released about 21% of the chips to investors, and the next release is 0.8% of the chips on the 24th of each month, which creates selling pressure;

4. The cryptocurrency circle has been losing liquidity, and all positive factors have been realized in the short term. Should we short?