Whale dumping 2.3 million dollars of FARTCOIN triggers market turmoil, long positions liquidation surge, technical support under test.

Background information: FARTCOIN has recently experienced major market dynamics, with a whale investor selling $2.3 million worth of tokens, causing market confidence to be shaken and triggering a ripple effect. The whale sold 2.18 million FARTCOIN two months after buying, making a profit of about $251,000. The move comes at a time when investor sentiment is already fragile. Key Events: - A trading volume surged 66% to $373 million due to a listing on a trading platform, but investor sentiment quickly turned negative and the sentiment index fell to -0.59. - MARTCOIN PRICE SLIPPED TO AROUND $1.02, BREAKING BELOW PREVIOUS SUPPORT AND WEAKENING BUYING STRENGTH WHILE THE TECHNICAL CHART STILL SHOWS A CUP HANDLE PATTERN. - On-chain data showed a net outflow of $739,000 on June 20, indicating increased selling pressure and investors preferring to liquidate rather than hold. - Liquidation data showed that bulls suffered large losses, with long liquidations reaching $103,000 and shorts reaching only $22,000 on June 20, indicating that bulls are at risk for premature upside bets. POTENTIAL IMPACT: - BOTH MARKET SENTIMENT AND MONEY FLOWS SHOW SELLERS IN THE UPPER HAND, AND FARTCOIN MAY FACE A DEEPER CORRECTION IN THE NEAR TERM. - If buyers are unable to regain control quickly, the price could test lower support levels, increasing the risk of further declines. Summary: FARTCOIN is currently facing whale selling, negative sentiment and long liquidation pressure, although the technical situation is supportive, the momentum is weakened, and the short-term outlook of the market is uncertain. Investors need to pay attention to changes in buying and selling power to determine the subsequent trend.