In this round of ONE’s drop, the ones who got unlucky were the longs who bought the dip—not the shorts.

In the past 24 hours, ONE is down by nearly 20%. Binance -19.73%, OKX -17.53%—both in the same direction, a real deep drop, not a wick.

The unusual part is the position size: over the past 24 hours it didn’t drop but instead rose 5.27%, reaching $43.69 million. Even after a fall like this, people are still pushing money in—suggesting someone is bargain-buying or adding shorts at this level. Neither longs nor shorts are backing down.

Liquidation data reveals the truth: over the past 24 hours, total liquidations across the whole network were $1.16 million. 62% ($716,000) was on the long side, while shorts were hit only 38%. The batch that tried to bottom was buried, while those chasing the decline were hit far less.

What hurts even more is that the shorts aren’t doing well either: Binance funding rate is -0.5492%, with an annualized carry cost of over 1200%—even if you’re right on direction, you still have to pay such a high cost just to hold the position.

$ONE

#资金费率 #liquidation data

Do you think this kind of position size increasing against the trend is a buy-the-dip signal, or a sign that further downside is coming?

Check in real time: https://www.coinboss.com/currencies/ONE