$STABLE The decline is mainly due to the resonance of three factors: "previous surge overextension + insufficient liquidity + major players withdrawing".
This cryptocurrency itself has a small market cap, and was quickly pushed up by short-term funds, causing the price to deviate from its true value, which is a typical emotionally-driven rise; once the increase becomes too high, the major players begin to distribute their holdings in batches at high positions, leading to a noticeable accumulation of selling pressure on the order book.
Moreover, the liquidity of STABL has always been relatively weak; once funds flow out, it causes the buying pressure to lag behind, instantly creating a continuous downward waterfall trend.
In addition, the popularity of its sector has also clearly cooled recently, with no new incremental funds taking over, and the chips that retail investors rushed into have become "high-position islands", with the price only able to continue to delve deeper to find real support.
Overall, this wave of decline is more of a technical retracement and a natural pullback in funds, not a sudden negative news event, but rather a standard pattern of major players "harvesting emotions".
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