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#数字资产市场动态 FLOW why did this wave of decline happen so sharply? Let's analyze a few core reasons.
To put it simply, the entire crypto market is currently squeezing the bubble. Investors are pulling back, risk appetite is declining, and everyone who needs to exit has already done so. FLOW itself hasn't had any new developments; lacking any strong positive news, it has been forgotten by the market.
From a technical perspective, it's also quite awkward—key support levels that were previously held have not been maintained. Once broken, follow-up sell orders came in one after another. Moreover, market depth is average, with large capital inflows and outflows causing significant volatility, making the price swing like a roller coaster.
Looking around, Ethereum, Solana, and other public chains are becoming increasingly strong in NFT and DApps ecosystem development, creating pressure from competition. If FLOW doesn't have substantial innovation to follow up, it could easily be pushed into the corner.
Overall, the market environment is not supportive, the project itself lacks momentum, and combined with weakening technicals, FLOW should be observed more in the short term—no need to rush into bottom-fishing.
$ZBT $TAKE $ONT