$INIT Spot Ultimate Warning
0.82 Defense Line Hanging by a Thread! The Dealer's Knife is Already at the Carotid Artery
Today, INIT staged a textbook-level death shake, with prices repeatedly rubbing around 0.8421. The MA10 moving average precisely locks the throat at 0.8462, forming a chasm of suppression. This morning's fake breakout at 0.9455 can be called the most toxic painting of the year, with a 3.18% amplitude burying chasing funds into the steel graveyard of 0.86-0.88, and the $1.28 million reduced transaction volume confirms that the main force has entered a silent harvesting mode.
>> Three-Dimensional Death Spiral
1. Chip Graveyard: On-chain data shows a locked position worth $5.3 million accumulated above 0.86. The 15-minute K-line faked a breakdown twice at 09:47 and 14:55, with the dealer using a 2.8% amplitude to complete a double explosion of long and short positions.
2. Volume Scam: Current trading volume has plummeted 53% compared to yesterday, with a single massive sell order of 350,000 pieces smashing through the psychological level of 0.84 in the early morning, confirming that following funds are less than 30% of yesterday's, indicating liquidity exhaustion.
3. Countdown to Change: CME Bitcoin futures settle tonight at 20:00 + dual impact of the Federal Reserve interest rate decision. The two major ambush windows at 09:47/14:55 require high vigilance.
【Survival Rule】
Spot players beware: CoinGecko's latest statistics show that the weekly outflow rate of INIT holding addresses reaches 15.7%, and the project wallet transferred 920,000 tokens to Binance in the past 48 hours. Before the 0.88 resistance level sees a single-hour buying volume above $3 million, all rebounds are leading you into a trap.
Contract Graveyard: There are strong long liquidation orders worth $4.2 million lurking below 0.82, and the volatility index has plummeted to 11.7, a new monthly low. Leveraged players must remember to cut positions if breaking 0.819, as the current market depth only supports instantaneous selling pressure of less than 30,000 pieces.
On-chain Alert: OKX perpetual contract funding rate at -0.023% exposes the shorts controlling the situation, and the Stochastic RSI has formed a death cross on the 4-hour level.
Remember: In a weak market, preserving capital is the true skill.
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