Let's be real about CAN — yesterday didn't go as expected. That upside breakout? Didn't happen. Instead, we watched it slip under the $0.90 mark, exactly where I thought it might land.
But here's the thing: if you've been following my takes on BTC and broader market moves, you know I'm reading this as a classic shakeout. The kind that tests weak hands before the next leg. Markets don't move in straight lines, and this pullback feels more like repositioning than a trend reversal.
Staying patient here. The setup still holds weight if you zoom out.
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ImpermanentPhobia
· 15h ago
Ah, it dropped below 0.9 again. Isn't this what you often call a shakeout?
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MysteriousZhang
· 12-12 06:44
Another shakeout, huh... To be honest, I trust you, but this time it's really testing my patience.
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MEVHunterWang
· 12-11 22:58
The reason for another round of harvesting the newbies, huh? I've heard the shakeout explanation a hundred times already.
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Layer2Observer
· 12-11 22:58
Is the narrative of a shakeout and consolidation getting a bit too repetitive... Do the data truly support the logic of "the next move"?
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GateUser-3824aa38
· 12-11 22:58
It broke through again and again, I told you so early on.
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0xSoulless
· 12-11 22:57
Here comes another set of "consolidation washout" rhetoric. Just listen and it's over, anyway, in the end, you can justify the rise or fall yourself.
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SatoshiHeir
· 12-11 22:46
This is the process of filtering the new investors. The CAN dropping below 0.9 is just to validate my previous on-chain data analysis; only when weak hands exit does the actual accumulation phase begin.
Let's be real about CAN — yesterday didn't go as expected. That upside breakout? Didn't happen. Instead, we watched it slip under the $0.90 mark, exactly where I thought it might land.
But here's the thing: if you've been following my takes on BTC and broader market moves, you know I'm reading this as a classic shakeout. The kind that tests weak hands before the next leg. Markets don't move in straight lines, and this pullback feels more like repositioning than a trend reversal.
Staying patient here. The setup still holds weight if you zoom out.