Sonic [S]下降了11.25％，從過去的一個月中導致投資者記錄了3.78％的虧損。

最近幾天，Sonic [S]下降了11.25％，使投資者從過去的一個月中造成3.78％的虧損。目前，市場活動仍然是看跌

In a recent development, Sonic [S] has experienced a decline of 11.25%, resulting in investors who purchased the asset within the past month recording a loss of 3.78%.

在最近的發展中，Sonic [S]的下降幅度為11.25％，導致投資者在過去一個月內購買了該資產，虧損為3.78％。

Currently, market activity is indicating a bearish trend, with both retail and large investors, some linked to the decentralized protocol Aave [AAVE], contributing to the decline.

目前，市場活動表明零售和大型投資者都表明了看跌趨勢，其中一些與分散的協議AAVE [AAVE]有關，這導致了下降。

Behind the scenes of Sonic's liquidity outflow

Sonic流動性流出的幕後

The decrease in Sonic's price can be attributed to a significant outflow of liquidity from the market in the past 24 hours. A key indicator of this is the total value locked (TVL).

Sonic價格的下降可以歸因於過去24小時內市場流動性的大量流行。一個關鍵指標是鎖定的總價值（TVL）。

According to DeFiLlama, Sonic's TVL decreased by $140 million in just 24 hours, pulling the ecosystem down toward multi-week lows.

根據Defillama的說法，Sonic的TVL在短短24小時內下降了1.4億美元，將生態系統降低到了多周的低點。

Source: DeFiLlama

資料來源：Defillama

This decline coincided with a 10% drop in stablecoins deployed on Sonic—from $582.33M to $523.39M over the past week. In essence, liquidity is quickly leaving the market and not returning.

這種下降恰逢Sonic部署的Stablecoins下降10％，過去一周從5.8​​233億美元到5.239億美元。從本質上講，流動性迅速離開市場而不是回來。

These withdrawals suggest that both retail users and larger entities are closing positions and reducing their exposure to the asset.

這些提款表明，零售用戶和較大的實體都在關閉頭寸並減少其對資產的曝光率。

Could protocol whales be behind the drop?

協議鯨可以在下降後面嗎？

Furthermore, Aave's protocol activity on Sonic has not fared better. Over the past seven days, Aave's TVL decreased by a significant 27.28%, the largest decline among major Sonic-linked protocols.

此外，AAVE在Sonic上的協議活動並沒有更好。在過去的七天中，AAVE的TVL降低了27.28％，這是主要聲音鏈接方案中最大的下降。

Source: DeFiLlama

資料來源：Defillama

Such a decrease could indicate that large holders are driving the outflows. AMBCrypto has analyzed the behavior of large holders in the market.

這樣的減少可能表明大型持有人正在驅動流出。 Ambcrypto分析了大型持有人在市場上的行為。

According to the Large Holder Netflow—which tracks the inflow and outflow activity by major players—2 million FTM was sold.

根據大型持有人Netflow的說法，該網絡追踪了主要參與者的流入和流出活動，售出了200萬英尺的FTM。

Source: IntoTheBlock

來源：intotheblock

At the current price, this group sold $950,000 worth of tokens in the past 24 hours alone. If this trend continues, Sonic is likely to slide further.

僅在過去的24小時內，該集團就以目前的價格出售了價值95萬美元的令牌。如果這種趨勢繼續下去，Sonic可能會進一步滑動。

Spot traders join the action

現場交易者加入行動

Spot traders, typically retail investors, are also contributing to the ongoing trend.

現貨交易者（通常是零售投資者）也在為持續的趨勢做出貢獻。

For the first time since March, this group recorded a weekly sell-off of Sonic. Data from CoinGlass shows that investors sold over $300,000 worth of the asset.

自3月以來，該小組每週都會第一次拋售Sonic。來自Coinglass的數據表明，投資者售出了價值超過300,000美元的資產。

Source: CoinGlass

資料來源：小店

When such a shift occurs after weeks of accumulation, it signals a highly negative market sentiment regarding the asset's next move.

當積累數週後發生這種轉變時，它表明了關於資產下一步行動的高度負面市場情緒。

For now, most market indicators suggest that a further decrease in Sonic's value is anticipated.

目前，大多數市場指標都表明，預計Sonic的價值會進一步下降。