$ACT
Here I compared the data from around 0.28 before, the open interest has increased by over 10 million, most of the increase should be short positions.
From the data, the price has dropped 9% in the last 24 hours, but the open interest only fell by 2%. The outflow of the main contract reached 17 million, indicating that many shorts have entered during this decline. If the market continues to go down, the next support level for act will be at the previous low. Currently, it doesn't look very optimistic, and there are no signs of shorts leaving.