The drop is because there are more long positions; you haven't even understood the logic of the contract.

$TRUMP is flat, no more fun.
Those who are trapped want to pull it up, and the capital also wants to pull it up, but a bunch of people are shorting and suppressing it.
It’s a hammer, there are a lot of orders waiting at 35 below, how can you suppress it?
No one can make money! Those who lose money are still trapped!
They are shorting even though they can’t suppress it!
It’s gone.