Unguided stalemate! Need the big brother to ignite! - Crypto Whale

“Absence of large sell-offs” does not mean there is no selling pressure,

but rather that the nature of the selling pressure has shifted.

The core logic and its impact on subsequent trends are analyzed as follows.

Fundamental Analysis: The market is trapped in a “guideless stalemate”

The simultaneous appearance of “no large sell-offs” and “no large guiding orders” can be understood from the perspective of the battle between bulls and bears:

· Bear’s perspective: No large sell-offs

· Scenario 1 (dispersed selling pressure): The largest bears (such as institutions, major players) may have already completed their main sell-offs,

Remaining sell orders are mainly scattered retail investors caught in a “kill more to kill more” pattern,

Their combined force is insufficient to form continuous large sell orders,

but persistent “shadow decline” pressure remains.

· Scenario 2 (active position locking): Major bears have not exited the market,

but choose to “lock in” at the limit-down price and wait,

not actively selling off.

This indicates they either believe the current price no longer needs to be pressured further,

or are waiting for the market to find its bottom naturally,

and observing subsequent buying strength.

This “inaction” itself is a form of suppression.

· Bull’s perspective: No large guiding orders

· Scenario 1 (no intention to accept): No off-market funds find the current price attractive,

or believe the trend is unstable,

thus unwilling to invest large funds to actively buy and “guide” a rebound.

This is the weakest performance.

· Scenario 2 (failed testing): There may be a small amount of tentative buying,

but they find the overhead “consolidated but not dispersed” selling pressure still heavy (i.e., slight lifts attract new sell orders),

thus abandoning guidance,

and switching to observation.

This confirms the solidity of the “shadow trend.”

Overall: This type of order book usually indicates that the market is in a “vacuum” or “deadlock” state.

No large guiding orders,

the market is entirely driven by retail sentiment and scattered trades.

This is precisely a stage of “shadow trend consolidating but not dispersing” — a more “torturous” manifestation —

lacking intense energy release,

but instead falling into a shadow decline and consumption

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