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Glassnode analysis: $OM big dump is a broad market reaction, not dominated by early Large Investors.
PANews April 14 news, according to Glassnode analysis, $OM fell to below 1 dollar in a short time today, and at 08:20 UTC, there was a large transfer of 38 million coins with an average price of 0.71 dollars into the exchange, indicating panic or arbitrage behavior. During the big dump, the holdings ratio of the top 1% fell from 96.4% to 95.6%, indicating large investors dumping or liquidating. The realized market capitalization evaporated by about 740 million dollars in just a few hours. The surge in transfers and active addresses indicates broad market participation. This round of dumping is not dominated by early holders, but more reflects a systemic market reaction.