The same 1000U leads to vastly different outcomes: if you bought the dip on DYDX yesterday, you are now left with only 702U, while short sellers have already made 298U. This 36% volatility—who is getting liquidated?

DYDX is currently at 0.1425, down nearly 30% in 24 hours, with a high of 0.2056 dropping to a low of 0.1312. A trading volume of 125 million indicates some buying support, but it cannot withstand the selling pressure. Technically, the daily chart has broken to a new low, with bearish alignment and a MACD dead cross with widening gaps.

Key data: the resistance above at 0.155 is a short-term pressure level, and if it breaks below 0.13, it will head toward 0.11. The long/short ratio is off—this is the major force sweeping out longs.

My operation: go short lightly at current price, stop loss at 0.152, take profit at 0.12. Do not exceed 20% position. Adding to shorts on a bounce is suicide. If you insist on catching the bottom, wait until it stabilizes above 0.16.

Final word: chasing long positions now is just sending money to the whales. Don't blame me if you choose wrong.