2025-12-25 08:29:12

MOVE indeed saw a surge yesterday—13% increase over 24 hours, with trading volume soaring nearly 400%. The spot trading volume on a major exchange reached six times the 20-day moving average, making the momentum look very strong on the surface. But a deeper look at on-chain data reveals a more interesting story.

Active addresses didn't show a significant explosion, market sentiment remains lukewarm, and other old coins are still "lying flat." This wave seems more like an emotional pulse rather than a fundamental revival. In financial terms, it's a classic "false rally" signal.

The long-term structure is even more concerning. MOVE's downtrend started back in January, and BTC's two bull markets haven't effectively lifted it. The deeper issue lies in circulating supply—only 28% is in circulation, and there's a monthly unlock quota of $5.89 million, which continues to exert pressure and weaken the buy-side momentum.

The technical perspective also hints at this. Looking at historical trends, there were rebounds over 50% on November 22 and December 14, but each time they quickly retreated. These repeated failed breakouts are actually telling us the true direction of the trend.

Although there was some short-term excitement, the overall structure remains bearish. Chasing the rally requires caution—this might be a case of a "sophisticated false rally" tactic.

MOVE4.89%

BTC-0.13%

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pumpamentalist

· 13h ago

Here we go again with the same tricks, a quick rally gets everyone excited, on-chain data is cold and detached, and there's no room for manipulation or baiting. --- 28% of circulating supply plus monthly unlock pressures—this is a ticking time bomb. No matter how strong the rebound, it's all in vain. --- I just want to ask, if Bitcoin's two bull markets couldn't move it, why can it break through this time? --- History repeats itself. The surge on November 22 was the same, and then? Nothing followed. --- Short-term hype is indeed strong, but the structure speaks for itself—bearish logic is still in play. --- Professional traders who bait the market should wake up—don't be the next bagholders, brothers. --- The emotional pulses of hesitation and hesitation are indeed unreliable; this analysis is thorough. --- A monthly cap of $5.89 is pressing down—who can withstand this pressure? --- Repeated failed breakouts are the best signals. Stop fooling yourself. --- The words are good, but there are still many chasing the rally. I can't prevent this wave of retail investor mentality.

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MidnightSnapHunter

· 13h ago

Honestly, this move is just a typical pump-and-dump scheme. The price increase looks good, and the trading volume is impressive, but there's no real demand on-chain. --- 28% circulating supply is being suppressed, and they keep unlocking tokens every month. What's the point of buying into this structure? It's just high-level pump deception, easily seen through. --- It rebounds and then falls again—how many times has this show played out? Are there still people taking the bait? --- BTC's two bull markets couldn't even lift MOVE, what does that tell you? Don't you have some sense of what's going on? --- It's just emotional pulses and more pump tactics. Honestly, don't chase after it. In the end, this market will still end in a failed relay. --- Active addresses haven't exploded; only exchange data is hyping it up. The false hype is way too obvious. --- Other coins are lying flat while MOVE is partying alone. No matter how you look at it, something's not right.

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ProbablyNothing

· 13h ago

It's the same old trick again, as soon as the price starts to rise, someone yells "pump and dump," truly traumatized by being trapped. With such poor liquidity, dare to chase? I think this coin is just a Ponzi scheme. Hotspots are fleeting; wake up everyone, don't get caught again. Basically, the money above is just throwing in to create an atmosphere, and those below still need to run when it's time. 28% circulation, the unlocking pressure will eventually crush it, nothing interesting. Price fluctuations and repeated pump and dumps, old coins should just lie down and relax, peace of mind.

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MetaverseMigrant

· 13h ago

I've seen many tricks of诱多, and this time MOVE is just a classic "false fire"... The real issue is still supply pressure, and 28% circulating supply is indeed a bit painful. --- Tsk, it's another repeated failed breakout drama. How can anyone still dare to chase the rally? --- On-chain data doesn't match up; trading volume explodes but addresses don't respond. Honestly, it feels like institutions are just harvesting retail investors. --- BTC bull market can't even lift MOVE; how bad does it have to be... Long-term bearish is no problem. --- Still have $5.89 unlocking pressure each month? Doesn't that mean the buying momentum is just being continuously exploited? --- It's just emotional pulses. I'm already numb from these repeated false breakouts. --- 13% increase with 400% trading volume sounds impressive but there's no on-chain activity... a typical "诱多" signal that hasn't gone away. --- Wait, does it always fall back quickly after rebounds in history? Then don't expect it to last too long this time either. --- In this cautious market sentiment, daring to chase is indeed a bit risky. --- I think, this move by MOVE is just capital pumping and dumping; be careful not to get caught.

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