LYN has slid from 0.20200 all the way down to 0.07457, mainly due to the initial group of profit-taking traders collectively fleeing, triggering a chain reaction of sell-offs. Based on the flow of funds in and out of the market and the K-line signals, it’s clear that this wave of weakness is genuinely weak.

From a capital perspective, the performance of the total holdings over this period is quite interesting—initially decreasing, then rising again. Coupled with the changes in the long and short positions of major traders, you can see that the main players had already started to run at high levels. Currently, some are trying to bottom fish at low levels, but the problem is that active buying can never outperform active selling. This indicates that the funds attempting to bottom fish are not very aggressive and simply cannot withstand the market’s selling pressure.

Technical data further illustrates the issue. On the daily chart, the MACD has long formed a death cross from high levels and has been trending downward. The price has successfully broken through two key support levels at 0.1 and 0.08. During the decline, there were several rebounds, but the trading volume did not follow suit. Such rebounds lack sustainability. At the 15-minute level, after hitting a bottom at 0.07457, there was indeed a rebound, and the MACD shows signs of a potential golden cross, but the volume did not increase in tandem. This insufficient volume makes it difficult for the rebound to truly reverse the trend. If the 0.08 level cannot hold, a breakdown is only a matter of time, likely leading to a retest of the previous low.

Overall, LYN is currently just a weak rebound within a downtrend. Unless new funds enter the market and volume increases, this rebound will be limited in the short term.