Recently observed on-chain data, it is evident that there are signs of continuous net capital outflow.

From the daily chart perspective, the price shows a stepped breakdown to the downside, with weak support below. This kind of trend often indicates that large holders are exiting in batches, with selling pressure accumulating layer by layer.

Individuals tend to be bearish on the short-term trend. However, that being said, the market is always full of variables, and any judgment could backfire. If you really want to participate in short selling, remember to set strict stop-loss levels, don't treat unrealized gains as realized profits, and taking profits when you have them is the way to go for the long term.

In the market, surviving is much more important than getting rich overnight.