The recent price drops of Sahara look like a flash crash, but from the trend, it appears to be closer to a more troublesome situation.

The liquidity of the market maker was directly withdrawn in the key range.

After a price drop, a "quick fix" usually occurs.
But this time you can see from the picture that it didn't bounce back much at all.
It means that there is no panic selling pressure, but rather that the depth itself is gone.

I checked the position candlestick with @CoinAnk.
OI remained very stable throughout the price drops, with neither a wave of liquidations nor chips being washed out.

This further validates.
It's not a battle between bulls and bears, but rather a direct gap in the quotation range of market makers.
When depth is pulled away, even if the selling pressure is not large, the price may be swallowed by the "hollow order book," making it difficult to return to its original position.
This is also why the subsequent fluctuations have been hovering at low levels: the structure has changed, and the depth has not recovered.

This situation can easily be amplified during nighttime.
Fortunately, it’s not a fundamental issue with the project; let’s see if there will be any new developments later. Anyway, I don’t really want to copy.
@0xMantleCN