NEXO's performance over the past 24 hours is quite interesting—there are eye-catching partnership news, but regulatory and capital pressure issues are also unavoidable.

Let's start with the good news. Nexo has been collaborating with the Audi F1 team for many years, becoming an official crypto partner. This exposure will definitely boost visibility. From a technical perspective, the MACD indicator is currently in a bullish state, with the MACD line above the signal line and the histogram positive, which usually indicates an ongoing upward momentum. On-chain data is also quite revealing—large whales are accumulating collateral on the platform, preferring to pledge assets rather than sell quickly, indicating that big players are still optimistic.

However, risks should not be underestimated. Regulatory concerns remain a thorn—California was fined £500,000 for unlicensed lending, and previous penalties suggest the US market still has a long way to go. Technically, the RSI once surged to an overbought level of 86.01, and historical experience suggests a correction may follow. More concerning is capital flow—USDT alone has outflowed 126,925 tokens, with an inflow/outflow ratio of 39%, indicating significant liquidation by large holders and considerable selling pressure.

Overall, NEXO has growth potential but also carries risks. Regulatory stance, continued capital outflows, and technical breakthroughs are all factors worth monitoring.