To be honest, BLESS just took a serious dive. On-chain data is syncing up with the futures market, and the whales are unloading hard. The price has dropped by 22%, but looking at the order book, there’s almost no support below, and the bears keep piling on the pressure. However, the question is, is it too late to short now? The short-term drop has been significant, but we’re still about 40% away from a reasonable value zone. If the market makers keep hammering it down, this drop might just be getting started. But we can’t ignore the risk of a short-term oversold rebound; the open interest has been decreasing, indicating that after the longs get wrecked, new shorts are also building up risk. My take is, until the market stabilizes, weak coins like BLESS are unlikely to bounce back. Either wait for a rebound to short, or go in light with the trend. Don’t rush to go all-in; watch out for getting shaken out by a bounce.

#BLESS #做空 #合约 #链上数据 #CryptoRisk