December $MERL is about to face a major test: four key unlocking dates (12/12, 15, 16, 19) will release approximately 70 million coins. Even if not everyone sells immediately upon receiving them, this expectation alone is enough to shake the market—many may choose to reduce their positions in advance, and when liquidity tightens, volatility is likely to increase.
Additionally, the early OTC costs are mostly lower than the current market price, making the arbitrage opportunity clear. Therefore, when the rebound comes, this batch of tokens is more likely to turn into selling pressure, and the upward path may not be very smooth.
Currently still bearish; we can wait to see if it continues to drop to 0.2 before reassessing!
