2026-01-16 03:24:10

Regarding Kaito's short-selling logic, I think caution is necessary.

Let's start with a straightforward reality: the team should have already seen the situation clearly, and most of the tokens are probably already distributed. Looking at liquidity, an open interest of 1.5M can't really support much momentum, with limited trading depth and fewer participants. In such an environment, short-selling is more likely to result in being hit by others' counter-orders and getting liquidated.

There's also a deeper logic—products and tokens are actually two different things. Taking Uniswap as an example, the protocol's operational status and UNI's performance may not be synchronized. The product might be declining, but the team’s holdings, decision-making power, and cash-out capabilities won't disappear because of that. These are issues at two different levels.

So instead of chasing after short-selling, it's better to clarify your own risk exposure. Opponents are always in the market, but with such thin liquidity on the underlying asset, the risk-to-reward ratio is actually not very favorable.

UNI-1,84%

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LiquidityWizard

· 01-18 23:10

honestly? 1.5M OI is basically a rounding error waiting to happen. you're gonna short into that and end up as someone's exit liquidity, empirically speaking. the math just doesn't work—risk-adjusted returns are statistically catastrophic here.

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MoonWaterDroplets

· 01-18 21:42

Liquidity is so thin that shorting and getting cut really results in huge losses; it's better to first calculate the costs. The team's chips are indeed a hidden risk; even if the product dies, the token may not necessarily follow. 1.5M in open interest can't really be played with; jumping in to join the hype at this point is just giving away money. Rather than betting on the direction, it's better to first understand how much loss you can tolerate. Shorting sounds exciting, but the counterparties are also people; small targets are the easiest to manipulate and ruin.

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FarmHopper

· 01-16 03:49

Bro, you still want to short with 1.5M OI? Aren't you just asking to get chopped up? The team's chips are already cleared, liquidity is so thin you can pick your toes, the opposing side isn't even enough to fill a gap, don't think about bottom fishing or shorting this kind of thing. A product dying doesn't mean the token has a future, they're two different things. Haven't you learned enough from Uniswap's lessons? Instead of chasing the trend and shorting, better ask yourself what you're holding in your pocket. This kind of asset isn't worth gambling on.

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OfflineValidator

· 01-16 03:40

With such thin liquidity, shorting is just asking to be cut... It really becomes a bagholder. The team's power will never die out; even if the token dies, the product can still suck blood. This logic is incredible. Instead of betting on a short, it's better to carefully see how many bullets you still have left.

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LayerZeroHero

· 01-16 03:36

It has been proven that 1.5M OI with this level of liquidity depth is not suitable for shorting; the opposing side will treat your order like a buffet.

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