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Looking at Dash, this asset really has little appeal. The current price is less than half of the previous high, and it has only increased threefold from the last bottom. Honestly, this range is a bit awkward. If you compare it to the historical trend of top coins like Filer, Dash would need to reach around $300 to be considered within a reasonable valuation range.
But that's the problem—shorting this type of coin is not cheap. You not only have to pay financing costs but also be constantly prepared for liquidation. The cost-performance ratio is quite absurdly low.
To put it simply, at this stage, whether in a bull or bear market, don't casually leverage to short. There are two reasons. In a bear market, some coins can suddenly surge without a clear top, just like how it's hard to predict the bottom during a decline. In a bull market, it's even more outrageous—any FOMO can push prices up by 30%-50%, and during strong trends, doubling within a day or even a few hours is not surprising.
In this environment, shorting is basically betting against the market, with risks that are ridiculously high. Instead of frequent trading, it's better to think through your strategy carefully before taking action.