At 1 a.m., ONE is down 54% in three days—I didn’t even get around to eating the instant noodles lumped on the table. The price went from 0.00523 crashing to 0.0024; by all logic, that should mean the longs are running. But when I pull up the position volume, it goes the other way. In just 25 hours it’s still up 3.4% despite all this, and the position size keeps increasing. I can only interpret it as new shorts opening—but I’m also afraid I might be reading it wrong. Then I look at the funding rate: -1.05%, annualized at -1152%. Shorts pay a 3% position fee every day just to bet it keeps dropping. I haven’t been in this line for that long, and maybe these numbers are me misreading the signals. But I have one dumb hunch: when everyone crowds into the same side, I usually don’t follow the crowd. So who do you think is the one propping things up this time?

#币圈真实 #我的持仓 #say something real