OPEN drops by 121.86% within 24 hours as liquidity and market confidence experience a significant downturn

On September 13, 2025, OPEN experienced a dramatic 121.86% loss within a single day, dropping to $0.9128. Over the course of a week, the token declined by 3673.8%, a figure matched over the spans of one month and one year as well.

Recent market behavior suggests that OPEN's steep price fall is largely due to widespread liquidity withdrawals and changing investor attitudes. Several on-chain data platforms have reported notable capital outflows from wallets and pools tied to OPEN. In addition, the asset has suffered from decreasing trading volumes and fewer active addresses in recent days, intensifying the bearish trend. Many traders attribute the decline to a slowdown in new investments and an increase in risk-averse behavior.

Technical analysis currently signals a negative outlook for OPEN in the near term. Both the 50-day and 200-day moving averages have slipped below critical support areas, which indicates a possible end to the previous trend. Furthermore, the Relative Strength Index (RSI) has moved into oversold levels, implying minimal short-term upside. These technical signs are being watched closely by analysts as potential precursors for continued declines.

Backtest Hypothesis

A backtesting

has been suggested to assess how well technical indicators help navigate OPEN’s recent price swings. The approach involves entering a long trade when the 50-day moving average climbs above the 200-day moving average (a bullish “golden cross”), and initiating a short position when the reverse occurs (a bearish “death cross”). Stop-loss and profit-taking triggers are adjusted in real time according to the 20-day volatility window. The underlying idea is that the death cross identified in early September would have marked a prime opportunity to short, coinciding with the subsequent 121.86% daily drop. The backtest is designed to review the method’s effectiveness over the last 30 days, utilizing historical OHLC (open-high-low-close) records, and will also analyze drawdowns as well as risk-adjusted performance to determine the strategy’s resilience.