Main cause: A large wallet (likely team-linked) deposited ~$6.4M worth to an exchange, sparking heavy selling, liquidations ($53M to $19M open interest drop), and panic amid high concentration (top holder >80%, only 10% circulating). This fits pump-and-dump patterns after hype from Binance Square listings.Future outlook: High-risk volatility persists due to low liquidity and concentration. Current price ~$0.89 (MC $38.5M). If Bitlight Labs advances RGB/Lightning integrations (e.g., stablecoins, wallets), adoption could drive recovery to $1.5-3 by end-2025 amid BitcoinFi growth. But trust erosion from the dump raises scam concerns; further dumps or stagnation might push it below $0.50. Monitor on-chain and roadmap progress—no strong bullish consensus yet.
