#MSCI未排除数字资产财库企业纳入范围 The recent $BREV market movement has indeed taught the market a lesson.

The sharp selloff at the 0.31 level appears to be a simple dumping operation, but the logic chain behind it deserves to be unpacked. The story began when two leading market makers, Amber Group and GSR Markets, each obtained 1 million BREV tokens. Following standard procedures, the next step should have been gradual order book maintenance and price stabilization.

But the Brevis project team suddenly changed the script.

On-chain data shows that the team address transferred approximately $5.3 million worth of $BREV to exchanges in one go. No announcement, no buildup—just a direct dump. Market sentiment instantly shifted from "market makers supporting the price" to panic over "whales exiting"—how fast can this psychological shift happen? Buying orders vanished immediately, selling orders cascaded in layers, and prices dropped sharply. Even the two leading market makers were caught somewhat off guard.

Panic sentiment is more lethal than selling pressure itself. Many people at that moment had only one thought: are they about to run away?

But the story didn't end there.

Positive news followed, arriving exactly when market sentiment was most fragile. Funds began flowing back, prices were forcefully pulled higher, and the K-line formed a sharp V-shape—quite a vicious one. Then $BREV confirmed its listing on a leading exchange, liquidity sources were confirmed, and market makers remained active. This series of signals compounded, and the entire narrative shifted from "possible collapse" to "price support exists."

The rebound began.

Looking at the market participant composition, given the exchange backing and the presence of two top-tier market makers, the direct-to-zero scenario can indeed be ruled out in the short term. Of course, this doesn't mean volatility will stop—newly listed tokens naturally have fierce swings. But the "bottomless pit" risk appears substantially reduced based on on-chain data and trading ecosystem indicators.

The most interesting aspect of this operation is how it scrambled three market dimensions simultaneously—chip distribution, sentiment, and rhythm. The project team's exit timing, the market makers' response mechanisms, and retail traders' psychological expectations were all reshuffled. In the short term, 0.55 is a resistance level, while the long-term floating price target sits around 1.2. But when it comes to market moves, strategy is always more valuable than the moves themselves.