#ban , last time it was mentioned it was still at 0.8, and it was said that entering the market was not recommended. Now it has been discounted by 40%. Currently, there are still a lot of short positions. The 24-hour positions have increased by 20%, with both long and short positions present, leaning slightly stronger. This coin doesn't seem to have much playability, lacks narrative, and doesn't hold much real value. Of course, the price is low, but I don't know if it will go lower. Switching to the daily chart, it feels like the net long positions are mainly used to bait longs (on Bybit, in the past three days, longs have indeed increased quite a bit, but shorts have also increased).

#ban , Currently, the position is much higher than the significant drop a few days ago, which was around 230M, now at 290M (number of coins held on Binance). Since the contract went live, it has dropped by 2/3 from the highest value. Now it's testing a recent low, and it may hit a new low again.
The position volume has been continuously increasing, with both long and short positions on the rise; shorts are increasing continuously, and the net longs that previously dropped sharply have now returned to the level before the sharp decline. Recent data over the last 24 hours shows that shorts are relatively dominant and are flowing out.
I want to go long, waiting for it to bounce back; if it drops directly, then let it be, and I will open again around 82.
There’s a chance it could dip a bit and then shoot up with a big bullish candle, which would benefit the newly increased net longs from the last few days. If the whales rely solely on short positions to profit, that would be too ridiculous, but it is not impossible.
I haven't looked into the fundamentals of this coin; it's best for you to research it yourself. I'm just looking at the data.