Adam: On-chain transaction terminals are approaching their fifth historical 90% drawdown.

Analyst Adam stated that the on-chain transaction terminal is approaching the fifth retracement in history with a magnitude of 90%. Historical data shows that such retracements typically last about 45 days from peak to trough, with the longest lasting 61 days, occurring in March 2025. This current pullback has lasted 58 days, approaching the longest record in history. Assuming the on-chain trading market does not fall into a prolonged recession, trading volume may begin to recover soon.