$LAYER is currently not going to drop

1. There are too many short sellers; a drop now would only help them, and the operators wouldn't gain much.

2. The large unlock is on May 16, so it definitely won't drop before that; otherwise, after being held for so long, if it drops early, the ones unlocking would sell at a loss, so it's at least stable in this price range waiting for the sell-off.

Even more extreme, many people are shorting in anticipation of the unlock; the operators simply won’t sell, and they can make the funding rate negative to grind the short sellers for a month, causing the short sellers to leave, and then a crash occurs. Refer to OM; OM had too many short sellers, and the funding rate was negative for over a month before the waterfall.