#BinanceABCs $CLO The recent drop has been quite sharp, and the underlying logic is actually pretty clear—circulating supply is only 12.91%, which is like a ticking time bomb. Retail investors are betting that subsequent unlocks will cause a dump, so they’re just fleeing early.

The technicals have completely turned against us. The MACD histogram has been negative, and the KDJ has also formed a death cross. This kind of setup offers little resistance in a weak market. Even more awkward is that trading volume is increasing while the price is falling, indicating that selling pressure is really hard to alleviate.

From a fundamental perspective, CLO has already risen enough in the early stages, and early investors are definitely considering taking profits. Moreover, in the DeFi sector, it doesn’t have any particularly outstanding competitive advantages. New funds are continuously flowing into top projects, so CLO naturally can’t share in that dividend. Plus, the entire market is gasping for air, and this downward trend is unstoppable.

It still depends on the pace of subsequent unlocks and the overall market performance. Once market sentiment stabilizes, then consider entering. The movements of mainstream coins like SOL, ETH, and BTC might be more worth paying attention to than some smaller tokens.