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BIFI's recent performance has been quite extreme. The token dropped from $7,551 to $292, experiencing a brief rebound to around $400 during the process. It appears that funds are attempting to create hype to attract new entrants, then quickly taking profits and ultimately dumping.
Yesterday's supply-side shock briefly pushed BIFI up to around $400, but this surge was based on severely illiquid market conditions—prices were artificially inflated and extremely fragile. Worse still, security monitoring tags from exchanges and some actions by the team further heightened market uncertainty, making the subsequent selling pressure understandable.
Currently, BIFI shows signs of a rebound around $297.5, but the overall trend remains weak, with volatility being alarmingly large. It is important to note that in such market conditions, rashly entering high-risk tokens exposes accounts to extreme risks, including the possibility of zeroing out. The market currently lacks clear direction, making trading very challenging. Caution and observation are recommended.