FLOW's recent performance has been giving many people headaches. The bearish sentiment has been suppressing the market these days, and on-chain data shows that large holders have been continuously selling off FLOW. Their actions haven't stopped yet, which is definitely a ticking time bomb for the market.

Yesterday, within 24 hours, FLOW experienced a sharp drop, with a decline exceeding 10%, causing widespread panic. The most concerning sign is that the funding rate in the futures market has remained negative, indicating that traders are extremely pessimistic—some are even willing to pay to short the asset. This is definitely not a good signal.

Looking at those trying to catch the bottom, many have been badly beaten during this decline. Everyone agrees that there must be something behind this sudden plunge, especially since such a rapid drop without fundamental support carries significant risk.

From a technical perspective, the current price is around 0.105 USDT, with resistance above at 0.174 (more than 70% above the current level). In such a volatile market, caution is definitely advised when dealing with FLOW. The downside risk remains, especially for those still holding at high levels.