【CryptoWorld】The news that a compliant platform launched support for the Polkadot ecosystem once sparked market enthusiasm, but DOT’s actual performance has been disappointing. The price dropped to $1.83, breaking below the previous support level of $1.90, with a decline of 3%. More notably, the abnormal trading activity—24-hour trading volume surged to 9.47 million tokens, far exceeding the daily average level by 340%. Behind this sharp fluctuation in trading volume, institutional investors’ reduction in holdings is evident. On the technical side, a downward channel has already formed, with significant resistance around $1.90 in the short term. If the pressure continues, the $1.75-$1.80 region may become the next testing point.
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RooftopReserver
· 12-20 14:16
It's the same old trick of institutions harvesting profits; when good news is exhausted, it turns into bad news.
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bridgeOops
· 12-20 13:23
Good news leads to a sell-off, institutions are fleeing, this trick is getting old
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GateUser-c799715c
· 12-19 21:30
Institutions are harvesting again, selling off on the rebound. I'm really tired of this routine.
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degenonymous
· 12-17 18:29
Institutions are dumping again; positive news are all just a smokescreen.
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SybilSlayer
· 12-17 18:24
It's the same old trick again: positive news causes a dump, institutions cash out, and retail investors keep buying the dip.
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CafeMinor
· 12-17 18:23
Another bullish move being pushed down, the institutions' tactics are still the same.
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AirdropHunter9000
· 12-17 18:17
Positive news causes a sell-off, the institutions' move is really ruthless, and we retail investors are once again being harvested.
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SudoRm-RfWallet/
· 12-17 18:09
Positive news causes a sell-off, old trick, institutions are dumping.
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GateUser-1a2ed0b9
· 12-17 18:08
Good news actually causes a sell-off; this trick is getting old, and institutions are again harvesting the little guys.
DOT drops after bullish breakthrough news, with institutional trading volume surging by 340% – there's a deeper meaning behind it
【CryptoWorld】The news that a compliant platform launched support for the Polkadot ecosystem once sparked market enthusiasm, but DOT’s actual performance has been disappointing. The price dropped to $1.83, breaking below the previous support level of $1.90, with a decline of 3%. More notably, the abnormal trading activity—24-hour trading volume surged to 9.47 million tokens, far exceeding the daily average level by 340%. Behind this sharp fluctuation in trading volume, institutional investors’ reduction in holdings is evident. On the technical side, a downward channel has already formed, with significant resistance around $1.90 in the short term. If the pressure continues, the $1.75-$1.80 region may become the next testing point.