2025-12-08 05:50:22

#美SEC促进加密资产创新监管框架 getting straight to the point: $MERL both the current technicals and fundamentals are flashing danger signals.

First, let's talk about on-chain anomalies. Today, we detected a shocking move—a certain whale address transferred 16 million $MERL to an exchange in a single transaction. In market terms, this kind of deposit usually has only one interpretation: preparing for large-scale selling.

Next, let's look at the candlesticks. The 0.5U level has failed three tests, and each rebound has been accompanied by obvious selling pressure. Technically, this is called a "false breakout"—the main players use the rebound to offload their holdings, and as soon as retail investors buy in, the price drops right back down.

The most critical issue is the timing. In mid-December, 70 million OTC tokens are about to enter circulation. What does this mean? In the short term, the market will face potential selling pressure several times the current circulating supply. Once a supply-demand imbalance forms, the price discovery mechanism fails.

Many people like to talk about the logic of a "deep pullback rebound." But don't forget, the validity of support levels is built on buying interest. When an unlock wave meets whale dumping, liquidity drying up is a high-probability event.

Investing carries risks. If you really believe in this asset, at least wait until the unlock selling pressure is released before considering an entry. Getting in now? Unless you're absolutely confident in your risk control. The market won't buy in just because of your conviction.

MERL19.53%

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PriceOracleFairy

· 12-10 17:13

nah that 16M dump setup screams classic whale exit liquidity trap... seen this movie before, not buying the "support hold" narrative rn tbh

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MoonlightGamer

· 12-08 11:50

Whale dumping and unlocking wave—getting in this time feels a bit like gambling.

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NftBankruptcyClub

· 12-08 06:20

Damn, 16 million coins dumped into the exchange at once. Is this guy trying to cash out completely or what? Wait, there are still 70 million tokens unlocking in December? That’s going to crash for sure. I found the fake breakout part a bit annoying, but to be honest... his analysis isn’t wrong. Not getting in now, I’ll wait until this selling pressure is over. Anyway, if I miss one coin, there are thousands more. Why do people always believe in things like “faith will pay off”? The market doesn’t care what you believe.

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NotFinancialAdviser

· 12-08 06:19

Whales dumping and the unlock wave—this round might really test the limits. Honestly, 0.5 can't hold; if retail investors step in, they'll just get harvested. When those 70 million tokens from December hit the market, liquidity evaporated instantly. Don't even talk about a rebound. Just look at the candlestick chart—you can see how many fake breakouts have played out here. It's not about being bearish, it's just that this timing is way too risky. I'll wait until the danger passes. Forget about belief or value for now—just focus on surviving.

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DefiPlaybook

· 12-08 06:13

According to on-chain data monitoring, a single deposit of 16 million coins combined with the OTC unlocking of 70 million coins... This supply-demand ratio is indeed worth being cautious about, and confirmation signals of a false breakout have already appeared.

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AirdropHunterWang

· 12-08 06:10

Same old story: whale dumping, unlock wave, fake breakouts... I'm tired of hearing it, man. The question is, should we get in now or wait? I think this round might keep dropping, so I'm not in a rush to catch a falling knife.

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quietly_staking

· 12-08 06:06

Whale dumping, OTC unlocks, fake breakouts... with this combo, buying MERL now is just asking for trouble. It's not that it has no potential, just that the timing is off. Wait until the selling pressure is released—there's no need to be the sucker. If it can't even break the 0.5U barrier and keeps dumping on every rebound, the pattern is obvious. Belief is one thing, your account is another. If your risk management isn't solid, belief alone won't save you. How will those 70 million OTC tokens get absorbed? Whether liquidity can handle it is plain to see.

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MaticHoleFiller