The DeFi old project BIFI recently caused quite a stir. Its price suddenly skyrocketed from $20.7 to $7,551, and although it has now fallen back to around $136, the "speed" of this move is indeed shocking — with a single-day increase of 16.94%. What exactly happened behind this extreme volatility?

From a technical perspective, signals are indeed accumulating. On-chain monitoring data shows that the MACD has formed a bullish golden cross, and the short-term EMA has also broken above the long-term moving average. This type of chart pattern usually indicates a shift in short-term momentum. Looking at the fundamentals, BIFI's development activity on BNB Chain remains stable within the top ten, indicating that the project ecosystem still has vitality.

But the direct trigger was quite specific — BIFI is migrating from BSC to Ethereum. During this process, liquidity suddenly experienced a gap. The market is like that; even a temporary liquidity vacuum can instantly amplify price fluctuations. Coupled with market sentiment and capital movement, this led to the birth of such an extreme event.

This incident is actually a microcosm — it not only demonstrates the high volatility characteristic of the DeFi market but also serves as a reminder for traders to stay alert during critical moments like ecosystem migrations. Opportunities and risks have always been two sides of the same coin.