In the same hotlist, the new listings on the exchange and the RWA big caps are both weak, but the risks differ: $BP dropped 12.2% in 24 hours, with a market cap of $166 million and a volume of $8.73 million, turning over about 5.3%; $ONDO fell 1.3%, with a market cap of $1.63 billion and a volume of $60.69 million, turning over about 3.7%. BP's drop is nearly 10 times that of ONDO, indicating that smaller caps are more susceptible to emotional swings; ONDO has thicker volume but still isn't flipping green, and RWA buying pressure is also weak. FNG decreased from 23 to 20, while BTC is almost flatlining. If BP's volume doesn’t rebound, there’s no confirmation of a bottom; if ONDO doesn’t increase its volume, any rebound will just be a spectator. Should we first look at the small caps to stop the bleeding, or wait for RWA to pump its volume? #热榜观察 #Volume divergence