In recent days, the trend of a certain popular cryptocurrency has attracted a lot of attention. Although it has experienced continuous pullbacks, the trading volume has remained at a relatively high level. Behind this enduring popularity is a constant game between capital and market sentiment.

From the market performance, there have been two rounds of consolidation since last night, with each rally showing interesting points. This relatively stable liquidity indeed indicates that market participation remains active.

More notably, the data on chip distribution is worth paying attention to. The first address holds as much as 82% of the positions, meaning that top players almost control most of the circulating chips of the coin and have absolute dominance over the price. The top ten addresses hold over 97%, with retail investors holding very little, resulting in an extremely concentrated chip distribution.

This high concentration itself carries risks—extreme market movements on one side can easily occur, whether it's a rapid rise or a sharp sell-off, both could happen instantly.

However, from another perspective, considering the current active trading volume and the distribution of addresses holding the coin, there are indeed short-term signals favoring a bullish capital flow. From a price position standpoint, it seems to have already bottomed out, and the room for further decline may be limited. Of course, before making any trading decisions, one should do thorough research, as risk management always comes first.