Looking at the recent market trend of BREV, since its launch on a major exchange at the beginning of the year, it has been on a continuous decline. The underlying logic behind this is worth analyzing.

The most immediate pressure comes from concentrated sell-offs after listing. Early investors who obtained tokens started locking in profits as soon as trading opened on the exchange. This wave of profit-taking and selling pressure was quite fierce, directly pushing the price down from its high point. Following that, a series of liquidations in the futures market further amplified the downward momentum. When the price broke below key support levels, market sentiment instantly turned extremely pessimistic, and no one was willing to actively buy.

There are also several negative factors on the fundamental side. Recently, 598,600 BREV tokens were unlocked, which already raised concerns about oversupply in the market. Even more concerning was the rumor on January 10th that the project team transferred $6.7 million worth of BREV to exchanges. Although unconfirmed, it was enough to trigger panic among investors, leading to wave after wave of sell-offs.

From a technical perspective, the situation is also not optimistic. The price has already fallen below the lower band of the Bollinger Bands (currently around 0.2503), entering an oversold zone. However, there are no signs of buyers stepping in. Starting from the previous high of 0.5464, the price has been steadily declining without forming a decent bottom pattern. The daily K-line volume has not shown any abnormal increase, indicating that this is more of a passive sell-off rather than a planned correction. This weak market structure is unlikely to improve in the short term.