VIDT plummeted, why would you want to buy the bottom instead of shorting it at this time?

First of all, Bitcoin has risen in the past two days while VIDT has fallen against the market. This trend may be a deliberate dump of the token, and it is dangerous to buy the bottom.

If you still can't help but buy the bottom, you can go to BNX, where you can buy endless bottoms; you can also refer to HIGH, which plummeted from $9 to $1 for many days. And they also have a common feature, a shrinking decline. This pattern usually means that the trend will not reverse in the short term.

Secondly, the reason why VIDT was able to soar to a high level before was because of the hype of the news of its contract launch.

The market was very bad before, and Binance wanted to mobilize market sentiment, increase market trading volume and liquidity by launching some small currency contracts. It was indeed effective at the beginning, and several small currencies that launched contracts rose for many consecutive days, but later because Binance used this method too frequently, the market did not buy it, and the small currencies that launched contracts later usually fell after the contract opened.

Refer to REI and GHST, the contracts have fallen sharply since they were launched, while VIDT has only fallen to the opening price of the contract, and there is still a lot of room for decline.

At the same time, the VIDT funding rate is turning positive, and the number of people going long is slowly increasing. If the dealer harvests the longs, will you escape because of this article?