IOST plunged 36.47% within 24 hours. Current price: 0.0010683. The funding rate is -0.00143646, indicating a dominant advantage for the shorts. The open position size of 9,676,213,490 suggests a stalemate between longs and shorts.
This is like a military rout: the long-side defensive line has been breached, and the shorts have taken the lead.
Evidence chain: the price decline, coupled with the negative funding rate, provides dual firepower suppression. A high open position size means resistance still exists on the battlefield, but the pressure is enormous.
The strongest counter-evidence is that a price rebound triggers short covering, or that the funding rate rapidly turns positive.
This is like a military rout: the long-side defensive line has been breached, and the shorts have taken the lead.
Evidence chain: the price decline, coupled with the negative funding rate, provides dual firepower suppression. A high open position size means resistance still exists on the battlefield, but the pressure is enormous.
The strongest counter-evidence is that a price rebound triggers short covering, or that the funding rate rapidly turns positive.