$MERL is facing significant unlocking pressure, and the selling pressure cannot be ignored.

As we enter December,

$MERL

is迎来了集中的解锁的关键时刻，approximately 70 million MERL will be circulated in the market on several key dates this month. This large-scale unlocking pressure could further exacerbate the selling in the market, bringing greater shock to an already weak market.

1. Unlocking pressure is approaching

According to the recent unlocking schedule, on dates such as 12/12, 12/15, 12/16, and 12/19 this month, approximately 70 million

$MERL

will become tradable. The timing of these unlocking operations is concentrated, forming a high-intensity selling pressure period. On these dates, the market may face large-scale sell-offs, increasing the downside risk in the short term.

2. Market psychological pressure greater than actual selling pressure

Although not all OTC investors will immediately sell their

$MERL

, the market's 'expected selling pressure' will affect the price. Even if some investors choose to hold, they may reduce their positions early due to the anticipated selling pressure from unlocking. This psychological factor may be more influential than the actual selling behavior. As the unlocking pressure gradually approaches, investors' risk-averse sentiment is continuously rising, making market liquidity tense, further exacerbating price volatility.

3. Selling pressure triggered by arbitrage opportunities

Some early OTC holders, who purchased at lower prices, still see a certain arbitrage space in the current market price. Therefore, they may choose to 'cash out on rebounds' after unlocking to realize profits. This short-term arbitrage behavior will undoubtedly increase the selling pressure in the upper market, thereby suppressing price increases. As these arbitrage operations increase, market rebounds in the short term may become more difficult.

$MERL is facing concentrated unlocking pressure in December, bringing huge selling pressure expectations to the market. Although the actual selling from unlocking may not have fully occurred, the psychological pressure in the market has intensified. Investors may adopt conservative strategies before and after unlocking, leading to decreased market liquidity and increased downside risk in prices. Therefore, in the short term, the risks of

$MERL

are significantly higher than the opportunities.