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Recently, DUSK's performance has indeed attracted quite a bit of attention. Over the past 24 hours, the price has oscillated repeatedly between $0.10 and $0.11, with an overall increase of over 30%, but it clearly follows a pattern of rising sharply and then pulling back. From the high of $0.11, it has retraced to $0.06, with both bulls and bears fighting fiercely within this range, illustrating a tense and intense battle.
In terms of trading activity, there has been a noticeable improvement. The 24-hour trading volume has fluctuated between $60 million and $117 million, much more active than yesterday, indicating clear signs of capital entering the market. Although there haven't been any substantial positive news catalysts, the overall activity in the altcoin sector remains lively, with community enthusiasm and technical indicators staying at decent levels. Its resilience during this market cycle has been relatively stable.
It is worth noting the liquidation situation. The entire market saw approximately $220 million in contract liquidations over the past 24 hours, with long positions making up the majority. The risks associated with high leverage have still not been effectively controlled. Looking specifically at DUSK contracts, about $800,000 worth of positions were liquidated, with more short positions being forcibly closed. In the short term, the pressure on the bears is not small, but the bulls have not yet fully stabilized, and the overall situation remains in a state of stalemate.