This shorting position didn’t have any particularly complex story—its core is simply that fewer and fewer buyers are taking the higher levels. Around 0.10466, the trading looked lively, but the price never managed to move far; several times it surged up only to be pushed back. I didn’t change my original judgment just because the market looked strong in the short term.

In the middle there was a period of repeated grinding, which was really torturous. Even a quick rebound happened, and it almost washed me out. Later, the sell pressure started releasing continuously, and the price slid directly from the range into 0.06312. Only then did I realize that the earlier silence was actually building up energy.

The final result was recorded at +1913.71%. This wave of short-seller upside fully played out as expected. During the process, I didn’t rush to catch the falling knife by chasing the dump, and I also didn’t force myself onto the train just because I missed the first leg. Being able to wait until the rhythm became clear again meant there was far less panic.

After this drop, I became even more convinced by the short-side logic. It wasn’t that I turned bearish because it fell—rather, the problem of insufficient support at the high end had always existed. The market just gave feedback in the most straightforward way.

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