for the virtual currency $WAVES

the analysis of key data points is as follows:

1.
**Net Inflows into Contract Positions and Spot**: The negative net
inflows into contract positions over various intervals suggest a bearish
sentiment among traders. The significant negative inflows over the past
24 hours and the past 12 hours, in particular, indicate a strong
preference for short positions.

2. **Spot Transaction
Distribution**: The spot transaction distribution shows that the
majority of transactions occurred at higher price points, with the
highest volume between $1.972 and $2.293. This could imply that the
current price is below the average transaction cost, which might put
downward pressure on the price as sellers try to minimize losses.

3.
**Long-Short Ratio and Contract Trading Volume**: The long-short ratio
has decreased significantly, indicating a shift towards more short
positions. The contract trading volume is extremely high, suggesting
high market activity and potential volatility.

4. **Open
Interest**: The open interest has increased significantly over the past
24 hours, which could indicate growing interest in the contract market.
However, the high open interest combined with the negative net inflows
suggests that new positions are predominantly short.

Considering the above analysis, the short-term trend for $WAVES appears
to be bearish due to the negative net inflows and the shift towards
short positions. The mid-term trend might also be bearish given the
sustained negative inflows over the past week and the high contract
trading volume. For the long-term, the trend is less clear but could be
influenced by the overall market sentiment and external factors.