This week, the crypto market has experienced a wave of dense token unlocks. Popular projects like HYPE, SUI, OP, and others will gradually release hundreds of millions of dollars worth of circulating tokens. In the current fragile market environment, concentrated unlocks can easily trigger large-scale selling pressure. Especially for those tokens that already have a relatively high circulating supply, they will face direct impact.

Historically, the price performance after unlock events often exceeds market expectations. Instead of passively waiting for negative news to be digested, it’s better to proactively avoid projects with particularly high unlock ratios. The current market sentiment is already somewhat weak; once a large amount of chips flood into the market, it could be the final straw that crushes prices. Therefore, in the short term, it’s the most prudent strategy to stay on the sidelines until the market stabilizes again.

If you must participate, also pay attention to liquidity risks. Blindly bottom-fishing or chasing highs can easily lead to pitfalls.

From a technical perspective, BTC is currently fluctuating around 26.003 USDT. The support level is at 25.688; if the price approaches this, consider positioning. The resistance level is at 26.45; be cautious of risks when near this point. The entire resistance zone is between 25.911 and 26.45. If you want to go long, you can place orders near the support level, but once it breaks below support, set a stop-loss accordingly.