🔥 $MERL 12 Monthly Unlock, Short-term Pressure Still Quite High

In December, this wave of nearly 70 million tokens being unlocked is concentrated around December 12, 15, 16, and 19, which is indeed a significant amount, so it's not surprising that the market has been a bit tense recently.

From the current market perspective, buying interest has obviously decreased; everyone is waiting for the unlocking results. Even if those OTC players won't sell immediately, the expectation that they **"might sell"** is enough to prompt some people to reduce their positions in advance, causing liquidity to shrink suddenly. Additionally, some early OTC holders have lower costs, and their probability of cashing out upon seeing a rebound is also not small, leading to more obvious pressure from above.

In terms of technical analysis, the market hasn't been strong lately, with three attempts to break higher failing. Coupled with large holders moving 16 million tokens to exchanges ahead of time, overall market sentiment has become more cautious, and the balance of supply and demand is slowly tilting towards the bears.

💥 In simple terms: Large unlocking volume, arbitrage potential, and weak technicals suggest that in the short term, $MERL is likely to lean towards a weaker direction.