Do you think that once a coin goes live, it will definitely drop, and you can profit by shorting it? From a god's eye view, the market indeed experiences significant declines, but during the process of decline, there are often rebounds and even sharp fluctuations, causing both longs and shorts to potentially incur losses.
Take PENGU as an example; if you short at this position, even with five times leverage, it's very likely to get liquidated. Because during the decline, a rebound of more than 50% can occur at any time, such fluctuations can completely lead to the liquidation of short positions. As for BAN, especially after the listing of BN and Yue, it has been very challenging for both longs and shorts in the market to genuinely make money. Many investors have been caught off guard by the significant fluctuations and ultimately face losses.
