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$ONT Currently not recommended to short.
The bottom has been consolidating for a long time, with a low market cap, making it a favorite target for big players. The funding rate is relatively high, so the cost of shorting is not low. At this stage, shorting is not cost-effective. The upward trend is still intact, with no obvious breakdown. It’s advisable to wait and see in the short term, and consider short positions only when the correction structure becomes clearer. $ONT Currently not recommended to short.
Recently, there has been a lot of delisting hype. ONT has surged so strongly this time, it feels like a survival instinct kicking in, fearing it might be targeted. 😂 The trend is indeed quite strong, and no other reasons are apparent for now.
The building cost for the big whales is around 0.05, and so far, there’s no sign of large-scale liquidations!
#ONT
The bottom has been consolidating for a long time, with a low market cap, making it a favorite target for big players. The funding rate is relatively high, so the cost of shorting is not low. At this stage, shorting is not cost-effective. The upward trend is still intact, with no obvious breakdown. It’s advisable to wait and see in the short term, and consider short positions only when the correction structure becomes clearer. $ONT Currently not recommended to short.
Recently, there has been a lot of delisting hype. ONT has surged so strongly this time, it feels like a survival instinct kicking in, fearing it might be targeted. 😂 The trend is indeed quite strong, and no other reasons are apparent for now.
The building cost for the big whales is around 0.05, and so far, there’s no sign of large-scale liquidations!
#ONT