RIVER has recently faced significant pressure. On December 23rd, $8.5 million worth of tokens were unlocked in a concentrated manner, bringing obvious selling pressure. Prior to this unlock, the Q4 financial report was just released, and market volatility increased accordingly. Although the Conversion 2.0 feature was launched on the 11th and staking incentive mechanisms were initiated, large-scale liquidation events still dampened market sentiment. From a technical perspective, there is a lack of strong fundamental support to counter the risk of a sell-off caused by this wave of unlocks.

From observation, the short-term atmosphere is quite bearish— the $5 level has become a key support, and a break below it would require immediate stop-loss. Positions should not be too heavy; it is best to participate with a light position and control risk exposure.

Risk reminder: Cryptocurrency is highly volatile, and any trading decision should be carefully weighed according to your own risk tolerance.