Multiple cryptocurrencies showed significant divergence today, with CHZ, AXL, and DYM experiencing sharp rises followed by declines.

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【BiTu】Based on the spot trading data from a major exchange, the crypto market today shows a prominent divergence trend. Many tokens experienced a typical “gap up then decline” pattern—CHZ down 6.69% in 24 hours, QTUM retraced 5.57%, OP decreased 5.61%, DYM fell 6.49%, with AXL experiencing the most significant drop at 7.61%, and VANA also declined by 5.13%. These assets mostly went through a rally followed by suppression.

Notably, STX hit its lowest point today, with a decline of around 5.6%. However, the market is not entirely weak—GUN rebounded slightly by 3.03% in the last 5 minutes, while BLUR slightly retreated by 3.28% in the same time window. Overall, the short-term price movements among different tokens still show considerable variation.

CHZ0,87%
DYM-8,27%
QTUM-9,57%
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CryptoPhoenixvip
· 6h ago
It's another day of opening high and closing low, I'm all too familiar with this rhythm, time to rebuild the mindset. AXL dropped more than 7 points, it looks uncomfortable, but this is setting the stage for the next round. CHZ, DYM, which have been suppressed, are actually opportunities to build positions, don't panic. STX hit the lowest point, GUN rebounded, and the divergence is so obvious, indicating that the bottom range is taking shape. Having experienced so many cycles, what is a little correction? Before rebirth, there must be pain. Short-term chaos, long-term view, patience is the key, faith must not be lost.
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just_vibin_onchainvip
· 01-14 15:07
It's the same pattern of opening high and closing low again. AXL dropping 7.61% is really outrageous; I just bought it and it was smashed right after.
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AlwaysAnonvip
· 01-14 15:02
It's the same old trick, pushing up and then pulling back to make a quick profit before selling. AXL dropped by 7 points, really harsh. Luckily, I didn't get in.
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BlockImpostervip
· 01-14 14:48
Another day of opening high and closing low. This wave of AXL dropped the most, feels like I've been trapped again.
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BlockchainDecodervip
· 01-14 14:44
According to research, this high-open and low-close pattern is actually a typical intraday volatility characteristic. Data shows that the 7.61% decline in AXL may be linked to the main force's wash trading. Notably, GUN and BLUR exhibit opposite fluctuations within the same time window. From a technical perspective, this confirms the phenomenon of market liquidity imbalance—interestingly, this is consistent with the "fragmented exchange effect" mentioned in a paper last year. In the short term, this kind of divergence isn't something to panic about. Combining these data points, it actually resembles a common signal of bottom consolidation.
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