Today’s fall and trading overview

Figure:https://www.gate.com/trade/IP_USDT

On June 22, the Story crypto price opened at $2.76 and closed at $2.51, with a daily fall of up to 9.23%. The 24-hour trading volume was $29.3M, and the market cap fell below $750M. Over the past 7 days, it has accumulated a decline of 27.8%, and over 30 days, it has retraced more than 40%. The price plummeted over 6% within two hours after the news of the airstrike was released, and then continued to be under pressure.

The US military airstrike in Iran triggers risk-averse selling pressure.

In the early morning of June 22 local time, the United States conducted precise airstrikes on multiple nuclear facilities in Iran, causing global financial markets to quickly enter a “risk-off” mode. In the foreign exchange market, the dollar index surged in the short term, while gold and U.S. Treasury yields both rose. Investors, in order to avoid geopolitical risks, rushed to sell high-risk assets, including digital currencies. Small-cap altcoins faced even more severe selling pressure due to relatively low liquidity.

Market profit taking and sentiment transmission

Story saw a wave of fervent market activity after its launch, with the price once increasing fivefold within two weeks, leading many early bulls to partially cash out at high levels. As U.S. military actions reignited geopolitical risks, short-term profit-taking quickly fled the market, spreading panic sentiment to other mid and small-cap projects. Even with a subsequent rebound in mainstream assets, Story struggled to stabilize due to concentrated sell orders.

On-chain ecological data and project progress

• TVL (Total Value Locked): Quickly dropped from the peak of $15M at launch to $11.25M, showing a significant loss of liquidity.
• Number of active addresses: The daily average active addresses are less than 1,200, far below the level of similar NFT + DeFi projects.
• On-chain fees: Daily fee income is less than $2,000, indicating insufficient attractiveness of ecological applications.
• Community Update: Official social media interactions have decreased by 30% compared to last week, and new collaborations or applications have not yet been launched.

These data indicate that after the hype fades, the underlying ecosystem of Story has not truly formed a closed loop and is difficult to sustain the price.

Comparison of Bitcoin and Ethereum’s Resistance to Fall

On the same day, Bitcoin (BTC) fell by about 4.5%, stabilizing after hitting a low of $98,900; Ethereum (ETH) briefly plummeted to $2,224, then quickly rebounded to around $2,260. The intraday fluctuations of both were much smaller than 9.23%. This confirms the “anti-fall” characteristic of mainstream assets during market risk aversion, while small-cap altcoins are more easily amplified by emotional fluctuations.

Market Outlook and Investment Strategies for Beginners

1. Pay attention to the developments in the geopolitical situation: if the conflict cools down in the short term, risk aversion may decline, which will be beneficial for the rebound of high-risk assets. If the situation escalates, risk appetite will be under long-term pressure.
2. On-chain data warming signals: Focus on observing whether TVL, active addresses, and fee income have stopped falling and stabilized. Once there is a sustained increase, consider entering in batches.
3. Batch building positions and dynamic stop-loss: It is recommended to divide the capital for building positions into 3–5 parts and gradually buy in when prices fall; at the same time, set a dynamic stop-loss of 8%–10% to avoid excessive drawdown from a single large position.
4. Diversified Asset Allocation: Use hard currencies like Bitcoin and Ethereum as the core, and allocate the remaining positions to Story or other small to mid-cap altcoins according to personal risk preferences.
5. Seize the event trading window: Use important calendars such as FOMC meetings, CPI data, and geopolitical negotiations to reasonably arrange entry and exit timing.