Should I sell now or hold on, thinking about changing positions at the end of December, it has fallen to death, but it can't rise again.

$ONDO This retracement is over 20% + review.
Last week, I discussed with friends in the group how the funding rate for shorting has approached that of August 5th? Coupled with my simple earnings in OKX where the APY reached as high as 70%, it becomes very clear.

The current funding rate differs somewhat from the black swan event on August 5th; at that time, the entire crypto market was in a low position, so the negative funding rate was primarily driven by retail investors' emotions shorting the market. The current negative funding rate is due to the market makers borrowing OK's spot assets and then dumping them, which is why the APY is very high. They need to short enough ONDO quickly while also completing profitable U-based short positions on various exchanges in the short term.

So I estimate that we need to wait until the funding rate fully turns positive (indicating that shorts are closing) and the APY drops rapidly (it's already at 9%, if it drops to 1 in the next few days, it will basically confirm that shorts are closing). This round of short selling will have been profitable for them, while it’s the retail investors who opened long contracts that will suffer. After the operators close their positions, the price will rebound quickly, and the ones who suffer again will be the retail investors who shorted.

This ONDO project is indeed a regular army of Wall Street, eating from both ends.
To summarize: When it rises, the common people suffer; when it falls, the common people suffer.