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$BICO dropped from 0.09 back to 0.04, has the harvesting started? The recent trend can no longer be viewed normally. At the beginning of August, it was still around $0.012, then on August 9 it peaked at 0.09, rising more than sevenfold in just a few days; subsequently, it dropped to a low of 0.03734, a retracement of over 58% from the high. It is now reported at $0.04269, with a 24-hour trading volume reaching 321 million tokens, whereas before the surge it was only a few million per day. Such a large turnover indicates that early holders are cashing out wildly, while new long and short positions are fiercely competing around 0.04. The news side is not as lively as the price action. Biconomy has indeed been advancing ERC-8211 and Smart Batching SDK recently, but there is no new announcement sufficient to explain the sevenfold increase. My understanding is straightforward: project progress is just the foundation; the real ignition this time is liquidity, contract funds, and short squeeze. Currently, OKX perpetual funding rate is about -0.056%, with the previous period even reaching -0.111%. Shorts are already quite crowded, and continuing to short is easy to get caught by a sudden spike; the negative funding rate also indicates the market is not optimistic about the subsequent trend. In the short term, watch 0.040—0.0373 dollars first; if this level does not hold, the next support might be at 0.0326. On the upside, first break 0.0442, then look at 0.0483—0.0507. Only with volume expansion and a firm hold above 0.0507 can we talk about a second wave of rise. #CPIToResetFedBets #AIMemorySelloffEases #BTCETHETFInflowsReturn