Contract Operation Review: A strong manipulated coin takes a small short position. (Shorting does not represent an opinion on the project)

- This coin washed out some airdrops at the opening and has been continuously pumped for over a month, so I have always hesitated to short this coin and have held back several times.

- Yesterday, seeing OI bottoming around $3, I suspected that the short positions were almost liquidated, and it should be nearing a peak, but it hadn't started to drop yet, so I didn't dare to enter on the left side.

- Today, around $2.3, I observed abnormal indicators for this token, with the main judgment factor being a significant increase in negative funding rates, which had never been this low before. I suspected that the manipulators were starting to dump, and OI was gradually increasing, while perp CVD was also rising.

In summary:

🎯 "Bulls are catching knives, bears are controlling the market"

Perp CVD rising ➜ Bulls are entering in large numbers, actively buying

Price is dropping ➜ Bears are stronger, the market absorbed these long positions without pushing the price higher

OI rising ➜ New bulls are opening positions (even FOMO-type chasing longs), but are getting "trapped"

➡️ Operation: Seeing perp CVD starting to decline indicates that bulls are "stopping their entries" or even beginning to "actively cut positions," so I entered short with the bears;

⬅️ Closing position: Around $1.9, OI starts to decrease, perp CVD stops falling and rebounds, negative funding rates remain but when the price isn't dropping, I estimate that the main bear force is starting to close positions, hence I took profit and exited.

Recently, I have incurred a lot of losses, so for operations on strong manipulated coins, I only dared to try small positions. I don't operate contracts often, hope for guidance from the experts, and also advise beginners to stay away from contracts!