$ONE Fell steadily throughout the day, down about 20%; yet the number of positions increased amid the sell-off—whales remain somewhat bullish, so avoid chasing shorts without volume.

Order book: Down about 17.6% over 24h, with roughly 104 million U in trading volume. Daily high: 0.00199 → daily low: 0.00146. After touching the daily low at 21:00, it bounced about 1.7% in the 22:00 hourly candle to around 0.00151. Open interest in contracts rose from about 3.9 billion to 4.3 billion in the afternoon (notional value stayed around 6.4 million U). Retail accounts were roughly evenly split, with a slight bearish bias; whale positions were over 60%. Funding rates narrowed from negative in the morning to near zero.

Bullish case: The contract count in open interest rose even as prices drifted lower, while whales remained somewhat bullish—this looks more like positions changing hands and being absorbed than a collapse in positioning. A potential floor would be confirmed by a high-volume move back above 0.00155; the setup fails if the price breaks below the daily low of 0.00146 and selling continues on high volume.

#ONE阴跌OI逆增 #Whales remain somewhat bullish