By the way, the recent 24-hour price swings have been quite large, rebounding from a low of $0.01449 to $0.0213, currently at $0.0189, with a volatility of 47%. It looks like trading volume is quite active, with about $12 million traded in the past 24 hours, accounting for over 30% of the market cap—meaning about one-third of the market value is in circulation.

Interestingly, this wave of volatility hasn't been accompanied by any official announcements or clear news events. No abnormal whale transfers have been observed on the blockchain either. The main driver seems to be the surge in trading volume; with high trading activity relative to market cap, it amplifies speculative buying and selling, causing the price to spike quickly and then retrace.

Additionally, note that BTW's recent TVL performance has been decent, ranking around the top 15, with a TVL of approximately $15.38 million, which may provide some fundamental support. Community sentiment is also quite optimistic—100% bullish on CoinGecko and 80% bullish on CMC, with discussions on X mainly focusing on strong TVL and lending strategies.

However, caution is warranted, as the high trading volume relative to market cap still indicates underlying volatility risk. The key will be whether trading volume can sustain itself and how the overall market trend develops, especially whether BTC can hold the $70k support. In this high-volatility state, prudence is essential.