Update on @NEARProtocol's on-chain data, RSI data, and CBD data. The Herfindahl index, which indicates the concentration of chips, has not changed much in the past month. Then the CBD data. @NEARProtocol Cost Basis Distribution Heatmap: The Cost Basis Distribution (CBD) heatmap visually presents the supply density at different price levels over a specific time period (e.g., 1 month, 1 year). After selecting the time range, this indicator will display a heatmap where the y-axis represents the logarithmic scale of the cost basis, set to range from 1% below the lowest price to 1% above the highest price within the selected time period. The color intensity of each pixel reflects the supply concentration at that price level, allowing investors to identify where significant portions of asset supply are coming from. As shown in the figure below, RSI data We applied a 30-day Relative Strength Index (RSI) to the cumulative supply held by each group. This not only tells us the supply they hold but also reflects the recent activity levels of each group—are they rapidly accumulating or selling off? Or are they remaining neutral? ⚠️ Note When momentum buyers start to become active, it may signal the beginning of a new trend. When conviction buyers begin to yield and turn into loss sellers, it may trigger a capitulation moment. When momentum buyers turn into profit takers, it may indicate the emergence of a local top. When first-time buyers surge, it may suggest that "fear of missing out" is entering the market—this is often a sign of a highly volatile market environment. As shown in the figure below, this can help identify when specific groups are heating up or cooling down. For reference and learning, not as investment advice. Thank you.