After experiencing intense volatility, the on-chain whale ecosystem of $BDXN presents an interesting contrast. The number of bullish whales has reached 69, while bearish whales are only 41. It seems that the bulls have the advantage, but a closer look at the position values shows that bullish holdings amount to 0.62M compared to 0.43M for bears, so the advantage is not very clear.

More notably, on the cost side, the average opening price for bullish whales is 0.0217, which is already higher than the current price, indicating that large holders are generally under floating loss pressure. On the bearish side, the opening price is 0.0251, far above the current price, with a quite severe loss for those caught in the trap. Although the overall floating loss for bulls is 36k, the proportion of profit-making whales at 47.8% is still acceptable.

This recent market movement has indeed been fierce, with a 258% rise and fall witnessing the market's madness, followed by a 24-hour -36% correction. Market sentiment is very complex, making it difficult to judge whether the market will continue to decline or rebound. From a technical perspective, further adjustment space still exists.