In the past two days, the market has fallen from 93 to 83, and the drop has been quite severe.

But is it worth shorting at this position now? I think the cost performance is no longer high. You see, several negative news have come out in the market at the same time, and the leverage data across the market shows that after a sharp fall, most of the longs have basically been cleared.

At this time, one should be cautious. With such a sharp fall, the bears should take a break. My current choice is to stay on the sidelines and observe, waiting to see the direction clearly before making a move. After all, chasing highs and selling lows is the easiest way to be educated by the market; it's better to be steady.

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airdrop_huntress

· 13h ago

93 dropped to 83, the short positions are having a great time this wave, are they still chasing shorts now? Do they really think the bottom is infinitely deep?

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SerumSurfer

· 13h ago

With such a severe fall, you still want to short? Buddy, are you not thinking clearly?

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zkProofGremlin

· 13h ago

The drop from 93 to 83 is indeed fierce, but let's hold a Short Position for now; it feels like the bottom signal is still not clear enough.

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BlockchainFoodie

· 13h ago

honestly this market move just proved my point about supply chain volatility... you're seeing exactly what happens when consensus breaks down, no different than a restaurant losing its farm-to-fork verification mid-service ngl sidelines gang represent, watching the liquidation soup cook itself rn... patience is the best seasoning here imo

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RugPullProphet

· 13h ago

Haha, another bottom hunter who got smashed out, thinking of buying the dip with a 10 yuan fall? I see, this wave isn’t over yet. --- Holding a short position and observing is indeed stable, but it’s uncomfortable, watching the market move while feeling itchy to act. --- I’ve heard too many times that long positions have been mostly cleared, only for a V-shaped rebound to happen, resulting in a bunch of people chasing shorts and going the opposite way. --- Instead of guessing the bottom here, it’s better to wait for a clear support level to appear; right now it’s a casino, and no one can say for sure. --- What’s the point? Just because the fall is sharp doesn’t mean there will definitely be a rebound? I only know that after a sharp drop, there are plenty of times when it can drop sharply again. --- What about the current position? To be honest, I can’t see any particularly compelling reason to chase shorts; having cleared the leverage almost indicates that it might not be so easy to keep smashing down.

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MysteriousZhang

· 13h ago

From 93 to 83, it's been a relentless drop, and this rhythm is indeed fierce. But is my buddy really buying the dip and chasing short positions now? I don't think that's feasible. The long positions have basically exited, and it's now the short positions' turn to get slapped. It's better to wait and see for now, and make a move once things are clearer.

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