$OPG There is a 4 million spot airdrop unlocking tonight, you don't need to guess the outcome of this kind of event, holders will sell once they receive it, and the selling pressure is actual spot, not contract shorts dumping.

The problem is that there are almost no orders around 0.15 on the order book, a gap of 4 million, with only tens of thousands of takers, given this supply and demand structure, the price won't find genuine buying interest and won't stop falling, it will keep searching downward.

On the contract side, open interest (OI) is still decreasing by 5.9%, longs are withdrawing, no one is willing to take a hit at this level. The funding rate is +0.005%, longs are still paying, indicating some people haven't exited yet.

From 0.52 to now, it has been halved, but that doesn't mean the decline is over. Before the order book rebuilds, it's too early to talk about a rebound.

This is not an opportunity to short, nor an opportunity to buy the dip. What are we waiting for? Waiting for the airdrop to finish, waiting for the order book around 0.15 to be re-established, waiting for OI to stop declining and stop flowing out. Until these three conditions occur simultaneously, I won't touch this coin.