Let's take a look at the recent data from $OPN @opinionlabsxyz.
First, the conclusion: Don't consider shorting at open because of high control + good background. Start long-term shorting about a week later, for some reasons below 👇. 🤡 Weekly user numbers show a visibly declining trend. 🤡 Daily trading volume and daily contracts are even more negligible, almost invisible now. What will TGE look like after a week? You can probably guess. If you're unsure, check out Aster's data. After TGE, due to the anticipation of airdrops, trading volume remains quite high. Later, it dropped to 1/10, and current trading volume is 1/20 of the peak.
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Let's take a look at the recent data from $OPN @opinionlabsxyz.
First, the conclusion:
Don't consider shorting at open because of high control + good background.
Start long-term shorting about a week later, for some reasons below 👇.
🤡 Weekly user numbers show a visibly declining trend.
🤡 Daily trading volume and daily contracts are even more negligible, almost invisible now.
What will TGE look like after a week? You can probably guess.
If you're unsure, check out Aster's data.
After TGE, due to the anticipation of airdrops, trading volume remains quite high.
Later, it dropped to 1/10, and current trading volume is 1/20 of the peak.