Cristopher Sgrignoli Yj7j
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In simple terms $MERL
1️⃣ Pressure on the supply side is high: There are several waves of unlocking in December (from December 12 to 19), with a total of 70 million coins to be released. This is too heavy a selling pressure for the current liquidity.
2️⃣ Large holders are retreating: On-chain evidence shows that 16 million coins have already been transferred to Bybit. Big players are rushing to exit, fearing a crowd on the day of unlocking.
In the current market, any rebound may just be for better selling. Early low-cost chips are looking to cash out, and in the short term, the price is likely to continue to face downward pressure and corrections.
Trying to bet on a rebound at this position has a very poor risk-reward ratio. It’s better to go with the trend, focusing on opportunities to short at high positions, and wait for this wave of bad news to be fully released before making a move.
#MERL #行情分析
1️⃣ Pressure on the supply side is high: There are several waves of unlocking in December (from December 12 to 19), with a total of 70 million coins to be released. This is too heavy a selling pressure for the current liquidity.
2️⃣ Large holders are retreating: On-chain evidence shows that 16 million coins have already been transferred to Bybit. Big players are rushing to exit, fearing a crowd on the day of unlocking.
In the current market, any rebound may just be for better selling. Early low-cost chips are looking to cash out, and in the short term, the price is likely to continue to face downward pressure and corrections.
Trying to bet on a rebound at this position has a very poor risk-reward ratio. It’s better to go with the trend, focusing on opportunities to short at high positions, and wait for this wave of bad news to be fully released before making a move.
#MERL #行情分析
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The most important thing in trading is the profit-loss ratio. Let's review $MERL now; the profit-loss ratio is extremely poor.
Looking up, there are all trapped positions at 0.5 dollars, and the main force tried three times but couldn't break through, indicating that the buying pressure has dried up; looking down, however, it's bottomless. Why? Because supply and demand have collapsed. In these days of December, 70 million tokens are set to be released, and it’s not over yet; today it was also revealed that a large holder deposited 16 million tokens into the exchange.
What does this mean? It means that whether you are looking at charts or fundamentals, everyone is retreating. Once market sentiment turns bad, it will enter a vicious cycle of "selling pressure - decline - panic - more selling pressure." At this point, trying to catch a rebound is like taking a risk with fire; even slightly stable strategies involve reducing positions at highs or simply deleting watchlists and waiting. Don’t go against the trend; staying alive is the most important thing.
Looking up, there are all trapped positions at 0.5 dollars, and the main force tried three times but couldn't break through, indicating that the buying pressure has dried up; looking down, however, it's bottomless. Why? Because supply and demand have collapsed. In these days of December, 70 million tokens are set to be released, and it’s not over yet; today it was also revealed that a large holder deposited 16 million tokens into the exchange.
What does this mean? It means that whether you are looking at charts or fundamentals, everyone is retreating. Once market sentiment turns bad, it will enter a vicious cycle of "selling pressure - decline - panic - more selling pressure." At this point, trying to catch a rebound is like taking a risk with fire; even slightly stable strategies involve reducing positions at highs or simply deleting watchlists and waiting. Don’t go against the trend; staying alive is the most important thing.
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《The Binance Life in My Heart: The Echo from the Bottom to Consensus》
If the crypto world is a silent practice, then the 'Binance Life' is the reason I choose to believe in the light after going through the storm.
The first time I came into contact with Binance was at the peak of the bull market in 2021. At that time, I thought that as long as I followed the K-line, I could achieve financial freedom. What happened? Less than a year later, the bear market arrived, and my assets were halved from their peak to the bottom. During that time, I questioned almost every day: Is Web3 really worth it? Does the 'freedom' of blockchain only belong to those who arrived early?
Until I saw the 'Same Boat Plan' released by Binance. That was not an exaggerated slogan, but a quiet companionship—providing help, reboot opportunities, and psychological support for distressed users. At that moment, I understood that the true 'Binance Life' is not about the wealth curve of soaring and plummeting, but a courage to reboot amidst the storm.
I started to learn anew. I learned to use Earn for financial management, allowing idle funds to generate returns; I joined the community to discuss safe trading and blockchain governance with people from different countries; for the first time, I wrote my investment reflections in Binance Square, and unexpectedly received hundreds of comments—some comforted me with 'everything outside of life and death is just a bruise', while others shared that they too had faced liquidation and insomnia, but were slowly finding their way back.
I realized that this is the meaning of the 'Binance Life':
It is not about winning or losing, but about growth.
It makes you understand, in your most painful moments, that trust and consensus are more powerful than temporary gains.
Now, I no longer chase the dream of getting rich quickly, but instead enjoy every stable accumulation. The market still fluctuates, but I have learned to dance with it. Because I know—Binance is not just an exchange, but a future written together by a group of people.
Outside of life and death, there are only bruises.
And each scar is a mark of rebirth.
This is the 'Binance Life' in my heart.
#币安人生
If the crypto world is a silent practice, then the 'Binance Life' is the reason I choose to believe in the light after going through the storm.
The first time I came into contact with Binance was at the peak of the bull market in 2021. At that time, I thought that as long as I followed the K-line, I could achieve financial freedom. What happened? Less than a year later, the bear market arrived, and my assets were halved from their peak to the bottom. During that time, I questioned almost every day: Is Web3 really worth it? Does the 'freedom' of blockchain only belong to those who arrived early?
Until I saw the 'Same Boat Plan' released by Binance. That was not an exaggerated slogan, but a quiet companionship—providing help, reboot opportunities, and psychological support for distressed users. At that moment, I understood that the true 'Binance Life' is not about the wealth curve of soaring and plummeting, but a courage to reboot amidst the storm.
I started to learn anew. I learned to use Earn for financial management, allowing idle funds to generate returns; I joined the community to discuss safe trading and blockchain governance with people from different countries; for the first time, I wrote my investment reflections in Binance Square, and unexpectedly received hundreds of comments—some comforted me with 'everything outside of life and death is just a bruise', while others shared that they too had faced liquidation and insomnia, but were slowly finding their way back.
I realized that this is the meaning of the 'Binance Life':
It is not about winning or losing, but about growth.
It makes you understand, in your most painful moments, that trust and consensus are more powerful than temporary gains.
Now, I no longer chase the dream of getting rich quickly, but instead enjoy every stable accumulation. The market still fluctuates, but I have learned to dance with it. Because I know—Binance is not just an exchange, but a future written together by a group of people.
Outside of life and death, there are only bruises.
And each scar is a mark of rebirth.
This is the 'Binance Life' in my heart.
#币安人生
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