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AXS's recent surge indeed reminds people of the crazy days when blockchain games were the hottest trend. Back then, although some winners emerged, most people ended up holding significant losses.
This wave of market movement came a bit suddenly, and honestly, I didn't fully catch up. But looking at the flow of funds on the chain, there are clear signals of large players active—on 2.13, there was a noticeable abnormality in fund movement. The short-term shorting strategy has already yielded nearly $1,000 in profit, and now I can step back to look for longer-term opportunities.
From a technical perspective, AXS's trend is quite interesting. Looking at its history—rising from a peak of $4 down to $0.018, a decline of over 99%—such a drastic crash is indeed rare. But now, on the monthly chart, it has been repeatedly absorbing funds at the bottom area, which usually indicates accumulation by the main players. If the strong support level at 1.5 can hold, the probability of a rebound remains quite high.
Let's wait and see for more opportunities before entering again, with the target set for the end of the year. If it really breaks below 1.5, there's no need to rush to cut losses; instead, consider adding some positions at the bottom. Blockchain games were insanely popular back then, and after such a long period of silence, it shouldn't be too long before they make a comeback.