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$ONE has been experiencing wild fluctuations these days, with very large swings up and down. A few days ago, when it was at a high point, I wrote an article saying it was a good time to short. After I finished the article, its price dropped all the way down and is now around $0.002. Just now, I analyzed its data again and I think shorting it now is not advisable; shorting at this point is still quite risky. —————————————————— Let's take a look at its contract data. We can see that its contract open interest and long-short ratio have been rising simultaneously during this period. This means that during this downtrend, a lot of capital has been coming in to go long. Generally, during a downtrend, shorts also take profits, which causes open interest to decrease. But currently, open interest is rising, indicating many longs are entering. Let's look at data over a longer period. We can see that its contract long-short ratio has climbed back to previous levels, and open interest is approaching its peak. Personally, I believe this position is relatively close to a bottom. —————————————————— At this position, it is best not to short. As for whether to go long, I personally think it depends on the market situation. If the market suddenly drops sharply to a very low level, I think it would be worth considering going long on $ONE, because it will likely rebound along with the market. —