The fat penguin (#pengu ) has recently become a bit 'chilly'. NFT sales have dropped by 31.4% over the past month, and the token PENGU hasn't fared much better, with its price falling from $0.032 to $0.0086 since August this year, a staggering 73.5% decline over five months. In the short term, there seems to be little hope for a rebound; if the key support level of $0.00855 is broken, the price may further drop to $0.0054 or even $0.0039.

Although the short-term outlook is grim, on-chain data shows that tokens are flowing from exchanges to cold wallets, with some holders accumulating for the long term, indicating there is still confidence in supporting the market. Market sentiment is generally pessimistic, but long-term potential may still exist. For investors, it is more reliable to observe support levels and capital flows, and to maintain rational operations rather than blindly chasing highs. #比特币流动性