2026-01-20 12:24:48

Recently, I took a stroll through the community, and the discussions about DUSK have really exploded. Some call it the "tech god coin" or "the last trump card in the privacy track," while others retort, "Clearly a pump and dump at the top, whoever buys in will be unlucky." Extreme opinions clash back and forth, almost splitting the entire community's sentiment. Looking at the current price trend of the DUSK contract, you can see what’s really going on behind the scenes—a real-time drama of "greed and fear."

First, let's talk about greed. The surge has been crazy, and I believe everyone has seen it. But what really makes people stare is the heat in the derivatives market. The open interest (OI) of futures contracts(has already broken historical highs. On some top exchanges, the OI scale has even returned to the highest levels since February 2023. It’s like a casino suddenly filled with gamblers, all with bloodshot eyes, betting that this frenzy will continue to go wild.

Many community members are showing off their profit reports, boasting about how accurately they "caught the bottom" at $0.28 or even higher. They confidently talk about how the new generation zero-knowledge proof tech stack, Plonk+Halo2, is so powerful that it can suppress established privacy coins like XMR and ZEC. This FOMO-driven momentum is the final spark pushing the price to irrational heights.

But here’s the problem. When the price is soaring, on-chain data is flashing ominous yellow lights. Statistics show that during the rapid price increase, the amount of DUSK flowing into exchanges has significantly increased. The daily inflow of coins has exceeded 6 million, which is rare at these high levels recently.

This signal is quite alarming—whales are quietly reducing their positions. On the surface, it looks prosperous, but underneath, they are trying to escape. This "dual reality" is the most warning sign to watch out for.

DUSK-16,75%

ZEC0,77%

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ProofOfNothing

· 13h ago

The move of big players entering the exchange is something I see through. The apparent prosperity is just collective escape, truly absolute. On-chain data doesn't lie; 6 million coins entering in a single day is already fierce enough. What's the point of hyping Plonk? The moment OI hits a new all-time high, it's time to run. Another round of the leek-cutting routine, how many people have been killed by FOMO? This time is crazier than the wave in 2023. I want to see who will take the final hit. The more aggressively the community hyped it, the more I get scared. Big players are quietly leaving, and you're still showing off your gains. Price soaring ≠ technological advancement. If you can't understand this, you'll have to pay tuition sooner or later. Wait, didn't everyone see this clearly? This is just a high-level dump scheme.

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digital_archaeologist

· 01-21 13:47

Large investors are clearly signaling a run, yet people are still buying at high levels. Truly incredible. --- No matter how much Plonk+Halo2 hype there is, it can't change the fact that on-chain data is lying. Can the 6 million coins flowing to exchanges be washed? --- FOMO sentiment has reached its peak; only a trigger for a dump is missing. --- Looking at those who bought at 0.28 and posted their gains, I just laugh. It was about time to reflect on why prices kept rising when large investors were reducing their positions. --- The phrase "dishonest inside and out" sums it up perfectly. Those entering now are just here for the final blow. --- A new all-time high in OI is actually a risk signal. Once again, it's time to cut down the believers. --- The last trump card in the privacy sector? More like the final chance to harvest the chives. --- The red-eyed gamblers continue their wild bets. I'm just waiting to see who runs away first. --- No matter how strong the technicals are, they can't compete with large on-chain investors reducing their positions. That's the reality.

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ContractExplorer

· 01-20 12:54

Big players are secretly exiting, and there are still people catching the high positions. Truly incredible... When OI breaks new highs, it's often the most dangerous signal. This wave is probably going to cut another batch of leeks.

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LightningLady

· 01-20 12:50

The data on large traders entering the exchange really can't hold up anymore. Is this what it's like in the mind of a bottom-fishing hero, packing a bomb?

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ImpermanentPhobia

· 01-20 12:28

It sounds like the big players are playing their old tricks again, hyping up the technology during rises, pretending not to see when it falls. The 6 million coins flowing into exchanges is really something to be cautious about. --- FOMO really is the slaughtering knife; no wonder the community is divided like this. We retail investors are still studying ZK technology, while institutions have already quietly started to withdraw. --- I just don’t understand, with the same increase, why some see it as a signal and others see it as an opportunity? On-chain data doesn’t lie, brother. --- High open interest at high levels hitting a new all-time high is truly a killer. This isn’t a signal, it’s basically an alarm ringing. --- It’s the same old routine again. The technical outlook looks good, but when big players are offloading, they never discuss the tech stack. These details are really worth pondering. --- Anyway, I’ve seen through it. Buying at 0.28, really? Just waiting to get trapped. This kind of fake-and-real market is the most dangerous for newcomers.

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OnChain_Detective

· 01-20 12:26

ngl, pattern analysis on those exchange inflows is screaming rugpull signature... 6M+ coins flooding in daily while price pumps? statistical anomaly detected, folks. not financial advice but let me pull the data—this reeks of classic exit liquidity play.

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