My $BAS 's positions are still there. Regarding BAS, I've seen a lot of complaints, so let me rationally explain a few points:

1. Some friends think it's unreasonable that it has dropped 99% and continues to drop. In fact, it's very normal. Last time, the project team pushed the price up and didn't expect it to be hit so hard. To be honest, this market has been messed up. Previously, everyone's psychological price level was 0.016, and many were willing to buy at that price. But now it has been below that for a long time without rising, so retail investors are afraid to buy the dip unless the project team brings a strong bullish line to restore faith.

2. The official repurchase plan of 300 million coins is indeed being implemented. Since the announcement of the repurchase 6 days ago, 14 million coins have already been bought. At this rate, it will take 4 months to complete the repurchase of 300 million coins.

Whether this is positive or negative news depends on individual interpretation. Some believe it is positive, but others think the project team is deceiving buyers (because some were trapped after opening long positions at 0.01).

3. As of today, the long-short ratio of BAS contracts is still 7:3. The 70% who are long are basically trapped, and they were not forcefully liquidated during last night's spike, indicating that it is still mostly small positions, or that most people opened long positions around 0.01 last week.

4. On the 18th, a new unlocking phase will arrive soon, unlocking over 3 weeks, with a total of 150 million coins for sale. This is concrete, and there will definitely be a wave of decline. The average cost is 16u, and everyone's gas cost is basically 12u, leaving little profit.

5. It should be very difficult for the project team to bring a strong bullish line because there are many trapped positions above, and even if there is a rising trend, there will likely be significant selling pressure at 0.016 as many will seek to break even.