In December, the market situation makes one feel a chill at heart just by taking a glance. This is no longer a simple 'technical adjustment' or 'shakeout'; the entire structure resembles a pre-arranged selling channel, and the signs are very obvious.

Count the time points yourself to understand: the 12th, 15th, 16th, 19th—within less than a week, four rounds of unlocking occurred, with approximately 70 million $MERL entering circulation. This kind of rhythm, in any small to mid-cap project, is not a 'test of faith' but a direct test of the absorption capacity.

And therein lies the problem—the market simply does not have this absorption.

Stop fantasizing about 'long-term value' or 'project vision.' The early batch of people who acquired chips through OTC did so at costs that are almost negligible. At this price, it's still a profit range of dozens of times for them. If it were you, with paper profits at life-changing levels, would you continue telling stories to keep the market engaged or cash in on the profits while liquidity is still present?

The true reflection of the market is quite cruel:

👉 Everyone knows there’s massive selling pressure above

👉 Buying pressure naturally shrinks, and no one is willing to take the initiative

👉 Those who are trapped are just waiting for the moment to 'escape' during a rebound

So what you see now is this kind of trend—

Prices are slightly pulled up, and immediately someone sells;

There’s no panic selling, but the downtrend continues relentlessly.

This kind of trend is the most torturous, slowly grinding and bleeding you out; by the time you realize it, you’ve already been cut almost to the bone by a dull knife.

So here’s an important but unpalatable truth:

Going to pick the bottom of $MERL now essentially amounts to catching a flying knife with bare hands.

It’s not bravery; it’s just handing out money.

In this situation, there is only one reasonable strategy:

Go with the pace of the market makers, not against the trend.

Before the market finishes its move, a rebound is not hope; a rebound is an opportunity—

It’s an opportunity for short-sellers to get on board.

With such high certainty in this structure, never talk about sentiment with the market.

Survive first, protect your capital, and go with the trend to reap profits; that is the optimal solution at this stage.