$US Let’s look at the data first

US has been a meat grinder lately. Just look at its recent 24-hour price moves: -22%, -20%, -36%… Every now and then it bounces +30%, then keeps dropping. The price has fallen from 0.04 to around 0.008, getting cut in half again and again.

The Binance Square community is already full of people crying out in pain: one person went 10x long and is down -654% on paper, with their $5,000 almost gone; another cut their losses and exited at -210%. This isn’t “volatility” anymore—it’s a one-sided slaughter of the bulls.

Three reasons I’m bearish

First, the funding rate is still positive. At 0.03%–0.06%, it shows that bulls are still stubbornly adding to their positions and paying the bears. In plain English: the retail traders haven’t been wiped out yet, so the scythe still has a few more swings to make. As long as the bulls aren’t dead, the bears won’t stop.

Second, there are no fundamentals—just sentiment. I looked around and couldn’t find any solid narrative behind US. With a token driven purely by speculation, there’s no floor when it starts falling—0.008 isn’t the bottom, and neither is 0.004.

Third, the rebound is just setting it up to fall harder. That +32% day looked great, but it promptly gave it all back with a -36% drop. This “lure in the bulls, then kill the rally” pattern is classic distribution: push the price up so retail traders think it’s bottomed, get them to jump in, then dump it again.

As a battle-scarred retail trader, I’ve seen tokens like this plenty of times. The simpler the name, the thinner the story, the bigger the swings. It’s not an investment—it’s a casino dice roll.

Risks

1. In extreme volatility, short sellers can also get wiped out by a sudden spike.

2. If there’s positive news I haven’t seen, my view could be proven wrong.