The fear and greed index has dropped to 11, very close to the historical low.
In the past 24 hours, the total liquidation on the network was $570 million, primarily liquidating long positions.
Market trends often reverse in despair; it feels like the bottom is very near.
What needs to be done now is to be patient and not act impulsively.
Some spot investments can be made now; if choosing XPL, be cautious.
@Plasma is 170 days away from the "big unlock" on July 28. So, is it a selling day or has the bad news been exhausted?
The psychological warfare has reached a boiling point. The staking and burning mechanisms launched by the project in Q1 are essentially racing against the unlocking speed.
Currently, a real yield of 3% to 5% aims to lock assets on the chain, preventing them from flooding into exchanges in July.
If Plasma One's payment business can double in the next six months, the selling pressure from unlocking might be offset by ecological income. Conversely, if Plasma's business stagnates, there might indeed be a "great flood" at the end of July.
At this position, it is suitable to stake spare money for interest, but absolutely not suitable for gambling everything on a single bet.
Let's continue to observe Plasma's long-term payment implementation data.
Which bottoms are the brothers preparing to buy? Share a bit.
