$NIL The total contract position value is approximately 5.81 million USDT, the total position quantity is approximately 88.81 million NIL. During the day, there was a pullback from the high point, indicating that some funds have begun to withdraw during the ramp-up process. The ratio of large-holder long vs. short accounts is 1.88. Long accounts account for 65.27%, while empty short positions account for only 34.73%, meaning long-side accounts have an advantage in number. After the price surged to around 0.075, it pulled back to around 0.065. In the short term, some profit-taking has been released.
Currently, NIL benefits from a dual driver: the overall rebound in risk appetite across the crypto market and the mainnet deployment by Encrypted Markets. The narrative direction is clear. However, it’s important to note that mainnet deployment is a positive catalyst that has already been realized; the actual adoption rate and the level of developer participation still need time to be verified. The two key variables for the short-term market are (1) the progress of token unlocks on September 24 and (2) negotiations related to market makers’ selling. If the price has already risen sufficiently before the unlock, some holders may choose to realize gains ahead of time, creating a front-loaded sell pressure.
Currently, NIL benefits from a dual driver: the overall rebound in risk appetite across the crypto market and the mainnet deployment by Encrypted Markets. The narrative direction is clear. However, it’s important to note that mainnet deployment is a positive catalyst that has already been realized; the actual adoption rate and the level of developer participation still need time to be verified. The two key variables for the short-term market are (1) the progress of token unlocks on September 24 and (2) negotiations related to market makers’ selling. If the price has already risen sufficiently before the unlock, some holders may choose to realize gains ahead of time, creating a front-loaded sell pressure.