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DOT drops after bullish breakthrough news, with institutional trading volume surging by 340% – there's a deeper meaning behind it
【CryptoWorld】The news that a compliant platform launched support for the Polkadot ecosystem once sparked market enthusiasm, but DOT’s actual performance has been disappointing. The price dropped to $1.83, breaking below the previous support level of $1.90, with a decline of 3%. More notably, the abnormal trading activity—24-hour trading volume surged to 9.47 million tokens, far exceeding the daily average level by 340%. Behind this sharp fluctuation in trading volume, institutional investors’ reduction in holdings is evident. On the technical side, a downward channel has already formed, with significant resistance around $1.90 in the short term. If the pressure continues, the $1.75-$1.80 region may become the next testing point.