🔥 $INJ Crash Alert: Three Major Signals Indicate Bear Market Acceleration, Decline May Exceed Expectations!

Recently, the abnormal movement of INJ is no longer an ordinary pullback, but the prelude to a deep bear market. The core arguments are as follows:

### ⚠️ **1. Long-term Holders Are Leaving en Masse, Selling Pressure Hits Yearly Peak**

- **Single-day Plunge of 12%**: INJ has become one of the worst-performing assets in the entire market, far exceeding the declines of mainstream coins.

- **Whales Concentrated Selling**: 57,700 long-term holders (the highest record this year) returned and sold simultaneously; such users are usually high-confidence holders, and their exit signifies a collapse of confidence in the project.

- **New User Cliff Drop**: Only 512 new addresses entered the market, and market risk aversion has reached extreme levels, with incremental funds exhausted.

### 💸 **2. Technical Dead Cross Forms, Downward Target Directly Aiming at $10.1**

- **Liquidation Heatmap Warning**: The maximum liquidity below the current price is concentrated at $10.1 (yellow super trend line), and shorts may push the price down to this liquidation zone, triggering a chain reaction.

- **Key Support Failed**: The $11.90 support level has been breached, and the 50-day moving average has formed a downward dead cross, confirming the opening of a downward channel.

- **Historical Decline Reference**: It has dropped 84.6% from the 2024 peak, and if it replicates a similar bear market cycle, the target price will probe to $8.1 (a 550% rebound is needed to return to previous highs, which is extremely unlikely).

### 📉 **3. Institutions Predict Overall Pessimism, Mid-to-Long-Term Bottom Not Yet in Sight**

- **2025 Bear Market Target $7.59**: Several analysis institutions point out that if regulation worsens or the DeFi sector collapses, INJ could fall into the $5–$8 abyss range.

- **2030 Pessimistic Expectation $4.3**: Benzinga's model shows that INJ's long-term valuation logic is collapsing (e.g., replacement by competitors, ecosystem stagnation), and it will become a “zero-sum game” token.

- **TVL Growth Lacks Momentum**: Although DeFi investors bought $1.36 million on dips, the total locked value (TVL) only slightly increased by $520,000 (0.15%), making the bottom-fishing funds a drop in the bucket.

💎 **Conclusion**: **INJ's “Death Spiral” Has Started**—long-term holders are withdrawing, technical levels are breaking, and institutional consensus has shifted towards a bear market. Under triple pressure, **the downward target of $10.1 is just a midway stop**, while below $7.5 is the valuation reassessment zone in a deep bear market. Investors must stop losses and avoid risks, do not catch falling knives!