Yesterday everyone was touting $AXS as leading the GameFi recovery, and today it's down 17%. 😂😂 On one hand, whales are frantically buying 160,000 tokens, while on the other hand, retail investors are panicking and selling at a loss. AXS has risen 120% this week from its bottom, and the GameFi sector is indeed recovering. But the question is, why are whales buying the dip while retail investors are panicking? Whales are looking at the token economic model reform, the bAXS staking mechanism, and the valuation repair of the entire GameFi sector. They know this correction is just a technical pullback. Retail investors are looking at the MACD death cross, the RSI oversold condition, and that scary "bearish Harami" pattern. Seeing all the technical indicators giving sell signals, they panic immediately. But here's a key point: the trading volume is 38% higher than the 10-day average, indicating that someone is buying heavily. Who is buying? Not retail investors, but institutions. The current price is at 2.30, with support at 2.17 and resistance at 2.79. Technically, it does appear bearish, but the fundamentals are changing. Axie Infinity's ecosystem reforms won't show results overnight. My assessment: Short-term consolidation is expected, with a possible test of the 2.17 support level. However, if the GameFi sector truly takes off, AXS, as the leader, will have significant upside potential. The key is to decide whether you're trading short-term or long-term. For short-term traders, wait for prices to reach around 2.17; for long-term holders, the current price isn't actually expensive.