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$ONE These days, prices have been surging and plunging, with huge fluctuations between the upper and lower levels. A few days ago, I wrote an article at its high, saying you could go short. After I finished writing, its price kept dropping, and now it's down to around $0.002. I just analyzed its data again and feel it's not suitable to short now; it's still quite risky. —————————————————— Let's look at its contract data. We can see that its contract open interest and long-short ratio have risen simultaneously during this period. In other words, during this downturn, a lot of capital flows in to go long. Usually, during a downturn, bears take profits, and short profits cause open interest to fall. But currently, open interest is rising, meaning a lot of bulls are coming in. Let's look at data over a longer period. We can see that the contract long-short ratio has climbed back to its original level, and contract open interest is approaching its peak. Personally, I think this is a relatively low point. —————————————————— At this level, it's best not to short it. As for whether you can go long? Personally, I think you can look at the market situation. If the market suddenly drops to a very low level, I think it's worth considering going long on $ONE, because it's very likely to rebound with the market. —