Streamlined Analysis Short-term is searching for a short-term bottom, which depends on external factors (like relentless selling pressure from U.S. capital caused by certain factors, with almost no directional bullish support or upward momentum) and the clearing of large on-chain staked funds. I still believe that the benefits of a quick clearance outweigh prolonged selling pressure. Only with a major quick liquidation and a sharp dip can we see a V-shaped rebound; otherwise, it’ll just grind sideways, waiting for external improvements to trigger a slight rebound. The overall trend remains bearish.