Today, the FLOW/USDT contract market was quite volatile. The 24-hour decline directly hit 41.14%, with the price dropping from a high level all the way down to 0.103 USDT, and even touching a low of 0.088 USDT during the session. However, trading volume actually increased—FLOW trading volume exceeded 985 million tokens, with a corresponding trading value of 111 million USDT. Such high-volume declines usually indicate rapid capital outflows.

Looking at the data further back, the situation becomes even more concerning. Over 7 days, the decline is 41.48%, and over 3 months, it has fallen by 70.74%. When looking at the yearly trend, it has been cut in half—down 85.45%. The medium-term trend shows no signs of support whatsoever.

The technical charts are also a mess. MA7, MA25, MA99 all have been broken through, with short-term moving averages forming a classic bearish alignment, clearly indicating a downtrend. In this situation, finding a reason for a rebound is quite difficult.

Interestingly, there haven't been any clear negative news triggers for this sharp decline. Most speculations point to macro liquidity tightening, the entire altcoin sector experiencing sell-offs, and capital fleeing from risk assets.

For contract traders, be cautious at this price level. After an oversell, rebounds often trap traders, and chasing the high carries significant risk. It's better to stay cautious in the short term—don't rush to buy the dip. Spot investors can wait until the price stabilizes and trading volume returns to normal levels before considering whether there is a good entry point.