I looked at a project's price trend, dropping from a high of $20 to now $0.5, a staggering decline. Strangely, even after such a fall, it still presents a strong shorting opportunity—what does this reflect from another perspective?

Perhaps it indicates that institutional investors' research depth is truly limited. Either due diligence is insufficient, or they act independently with aligned interests. Projects funded by large institutions can also end up abandoned. This case is a living proof.