币界网报道：Background information: The official TRUMP token has been under pressure recently, and related wallets have transferred $2.4 million worth of tokens through Coinbase, OKX and Bitstamp within 36 hours, of which Coinbase alone has a huge deposit of $1.7 million. This multi-platform distribution may suggest a profit-taking or market exit strategy. Main events: TRUMP price has short-term support near $9.21, but the overall trend is in a downward channel, and the RSI indicator shows mild oversold, with shorts dominating. Bulls have not yet intervened with effective trading volume, and short sentiment has increased. The long-short ratio has dropped to 0.83, and shorts account for 54.35%. Social media discussion heat has risen to 3.77%, but lacks volume support. The network growth has slowed down, with only 1,348 new addresses added, indicating a decline in user adoption. Potential impact: Binance liquidation heat map shows that there are a large number of short liquidations in the $9.60 to $9.80 range, which may become a resistance level. If the price breaks through this range, it may trigger a stop-loss chain reaction and increase volatility. Overall, unless TRUMP can hold the $9.21 support and break through the liquidation zone, the downside risk remains. Bulls need to intervene quickly to prevent further declines.